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THE AURUM COMPANY PENSION OPERATOR CHECKED Initials ALI Date 12/03/14

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THE AURUM COMPANY PENSION OPERATOR CHECKED Initials ALI Date 12/03/14 Document Info Notes Form 45770JG (AUR) Job ID 47479 Size A4 Pages 16 Colour CMYK Version APRIL 2014 Operator Info 1 ALI 12/03/14 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Proof number 1 2 3 4 Mandatory checks New Brand - use approved template (check size) • Footer/Form number/version date is correct • Spell check • If Spec changes — notify the Account Manager Check version date matches DMS • COMPARE ALTERATIONS TO MARKED UP PDF • Layout/text Remove bad line breaks/check paragraph returns not in text Check all hyphenation/n-dashes Quote marks/apostrophes appear correctly Remove double spaces (except deliberate) • Telephone numbers/dates/postcodes are not split No full stop after URLs Folio/page numbers are in correct order/position Page headings/folios match contents Fonts used (see INFO panel)” Images/graphics Tables/boxes/charts/graphs are on brand (Guidelines page 58) Infographics Guidelines page 59) Graphs/charts match figures and axis correctly Miscellaneous Most recent logos and images are used Check FSA replaced with FCA and “Services” to “Conduct” Colour split (CMYK or spot) • Forms can be completed Envelopes/letters – check position Operator info BRAND CHECKED (INITIALS) THE AURUM COMPANY PENSION OPERATOR CHECKED Initials ALI Date 12/03/14 GROUP PERSONAL PENSION A guide to help you prepare for the retirement you want Your AURUM company pension is provided by Scottish Widows. Group Personal Pension PAGE 3 WHAT’S IN IT FOR ME? SOME CONSIDERATIONS PAGE 4 WHAT’S BEST FOR ME? CONTRIBUTING TO A PENSION WHAT ABOUT RELYING ON THE STATE OR USING OTHER INVESTMENTS? PAGE 5 WHAT ELSE COULD YOU BE RELYING ON IN YOUR OLD AGE? PAGE 6 WHY CONTRIBUTE? SUPPORTING LITERATURE AND TOOLS TO HELP YOU MAKE PAGE 7 DECISIONS ABOUT YOUR COMPANY PENSION HOW WILL MY PENSION FUND BE INVESTED? PAGE 8 WANT TO TAKE A MORE HANDS-ON APPROACH LITERATURE TOOLS TO INVESTING YOUR COMPANY PENSION? • Key Features and Example Illustration Indulge-o-meter • Pension Investment Approach Guide PAGE 9 Find out if spending a bit less on treats could give you • Pension Funds Investor’s Guide CHANGING YOUR INVESTMENT CHOICE LATER ON spare cash for your company pension. • Your guide to with-profits • Policy Provisions Pension Planner PAGE 10 • Important notes for applications Use this to show how much you might get when you retire. The documents above provide important information WHY YOUR COMPANY HAS CHOSEN SCOTTISH WIDOWS about your company pension and should be read. Investment Decision Tool Use this to automatically match yourself to the most PAGE 11 suitable investment option for you. HOW TO CONTRIBUTE WHAT NEXT? To access the literature and tools visit www.scottishwidows.co.uk/joining We hope this guide answers all your questions, but if not, After reading this literature, we recommend that you either save or print a copy and keep this safe for future reference. please speak to the financial adviser for this company pension or your own financial adviser. If you don’t have internet access or would prefer a paper copy of this information, please call 08457 556 557. Group Personal Pension PAGE 3 WHAT’S IN IT FOR ME? SOME CONSIDERATIONS PAGE 4 WHAT’S BEST FOR ME? CONTRIBUTING TO A PENSION WHAT ABOUT RELYING ON THE STATE OR USING OTHER INVESTMENTS? PAGE 5 WHAT ELSE COULD YOU BE RELYING ON IN YOUR OLD AGE? PAGE 6 WHY CONTRIBUTE? SUPPORTING LITERATURE AND TOOLS TO HELP YOU MAKE PAGE 7 DECISIONS ABOUT YOUR COMPANY PENSION HOW WILL MY PENSION FUND BE INVESTED? PAGE 8 WANT TO TAKE A MORE HANDS-ON APPROACH TOOLS TO INVESTING YOUR COMPANY PENSION? Indulge-o-meter PAGE 9 Find out if spending a bit less on treats could give you CHANGING YOUR INVESTMENT CHOICE LATER ON spare cash for your company pension. Pension Planner PAGE 10 Use this to show how much you might get when you retire. WHY YOUR COMPANY HAS CHOSEN SCOTTISH WIDOWS Investment Decision Tool Use this to automatically match yourself to the most PAGE 11 suitable investment option for you. HOW TO CONTRIBUTE WHAT NEXT? To access the literature and tools visit www.scottishwidows.co.uk/joining We hope this guide answers all your questions, but if not, After reading this literature, we recommend that you either save or print a copy and keep this safe for future reference. please speak to the financial adviser for this company pension or your own financial adviser. If you don’t have internet access or would prefer a paper copy of this information, please call 08457 556 557. 1 Group Personal Pension WHAT WE MEAN WHEN WE SAY: COMPANY PENSION WE/US This Scottish Widows Group Personal Pension Plan. Scottish Widows. PENSION FUND INCOME FOR LIFE The company pension fund held in your name. When you The money your pension fund will pay out once you retire, this fund will be used to pay a taxable income for retire, which is taxed in payment. You can choose to take life together with a tax-free cash sum if chosen. part of your pension fund as a lump sum when you retire that is normally tax-free. TAX-EFFICIENT INVESTMENT RETIREMENT DATE Our pension investment funds are generally free of UK income and capital gains tax. However, we can’t Your selected retirement date. reclaim tax deducted at source from the dividends of UK company shares. Tax rules can change. TOTAL ANNUAL FUND CHARGE WHAT’S IN IT FOR ME? TAXMAN The charge made for managing and investing your plan. HM Revenue and Customs. AUTOMATIC ENROLMENT TAX RELIEF Under Automatic Enrolment legislation both you and HERE ARE SOME REASONS WHY YOU SHOULD CONSIDER STARTING TO CONTRIBUTE TO YOUR COMPANY PENSION your employer are required to pay at least a minimum The payments you make to this plan can be eligible for contribution. If you have been automatically enrolled UK tax relief. We will claim basic rate tax relief on your into the scheme and if you choose to opt-out, your behalf, and invest it in your plan. If you are a higher employer will re-enrol you at least every three years. • When you start paying in, your employer or additional rate taxpayer, you may be able to claim You can find more information on Automatic Enrolment will normally start paying in too additional tax relief via your self-assessment tax return. at www.gov.uk/workplace-pensions • For UK taxpayers, currently every 80p you pay in There is no tax relief on any employer contributions or is topped up to £1 by the taxman, and you may be transfer payments. The value of the tax benefits of a able to reclaim further tax relief if you’re a higher or personal pension depend on your personal circumstances. additional rate tax payer Both your circumstances and tax rules may change in • Your pension fund is a highly tax-efficient investment the future. • The sooner you start paying in, the longer your pension fund has the opportunity to grow 2 Group Personal Pension WHAT WE MEAN WHEN WE SAY: WE/US Scottish Widows. INCOME FOR LIFE The money your pension fund will pay out once you retire, which is taxed in payment. You can choose to take part of your pension fund as a lump sum when you retire that is normally tax-free. RETIREMENT DATE Your selected retirement date. TOTAL ANNUAL FUND CHARGE WHAT’S IN IT FOR ME? The charge made for managing and investing your plan. AUTOMATIC ENROLMENT Under Automatic Enrolment legislation both you and HERE ARE SOME REASONS WHY YOU SHOULD CONSIDER STARTING TO CONTRIBUTE TO YOUR COMPANY PENSION your employer are required to pay at least a minimum contribution. If you have been automatically enrolled into the scheme and if you choose to opt-out, your employer will re-enrol you at least every three years. • When you start paying in, your employer • If you leave your job, you can take your pension You can find more information on Automatic Enrolment will normally start paying in too fund with you, even including the payments your at www.gov.uk/workplace-pensions • For UK taxpayers, currently every 80p you pay in employer has made is topped up to £1 by the taxman, and you may be • When you retire, you can normally take a tax-free able to reclaim further tax relief if you’re a higher or cash lump sum, plus a taxable income for life additional rate tax payer • To help make your investment decision easier, • Your pension fund is a highly tax-efficient investment we have designed some simple investment tools • The sooner you start paying in, the longer your pension fund has the opportunity to grow 3 Group Personal Pension WHAT’S BEST FOR ME? A STEP-BY-STEP LOOK AT MAKING YOUR PENSION DECISIONS CONTRIBUTING TO A PENSION Here are the amounts for the tax year 2014-15. WHAT ELSE COULD YOU BE RELYING ON IN YOUR OLD AGE? Some people enjoy planning their finances and being in control. Others avoid thinking about it for as long as possible, With both your employer and the taxman helping you Basic State Pension Single person Married couple to save, it literally pays you to contribute and some do nothing at all. Weekly amount £113.10 £180.90 Scottish Widows is working in conjunction with your There are a wide range of investments out there and some or all of them may play a part in your thinking, alongside this employer and their pension advisers, to provide this Monthly total £490.10 £783.90 company pension.
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