Rewarding Great People - Issue 2

UNDERSTANDING YOUR PENSION

INFORMATION FOR FORTNIGHTLY PAID EMPLOYEES

INFORMATION FOR MONTHLY PAID EMPLOYEES

If you earn over £10,000 a year (£833 per month / £236 per fortnight), are aged 22 or over and under the state pension age, you will be automatically enrolled into a pension scheme after three-months of employment. We currently have two pension providers – Scottish Widows (for monthly paid employees) and The People’s Pension (for fortnightly paid employees). FM Conway administers your pension scheme as a Salary Exchange Scheme, meaning you benefit from Income Tax and National Insurance savings on the amount you contribute into your pension. The current minimum contributions are 8% (employees and employers combined contributions); you will find details of the company’s and your own contribution to your scheme on your benefits statement. Did you know your family can benefit from your pension if something was to happen to you? It is very important to nominate who will receive your pension in this event. You can find the beneficiary forms on the pension company website (see links below). You can opt-out of the scheme at any time and, if you need more information on your pensions or entitlements, you can talk to our Payroll Team.

Call:

0345 755 6557

Call:

0300 2000 555

Please contact: Payroll@FMConway.co.uk or call them on 01732 600 801

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