Your Tomorrow

Your existing Scheme builds an income for life

In your existing Scheme you are building up an income for life, and other benefits, for when you retire. The income for life will be based on your pensionable pay and how long you were in the Scheme.

You can also save a bit more through Pension Extra.

You could build a pension account with Your Tomorrow instead

You have the option to stop building up benefits in your existing Scheme and instead use the Group’s Your Tomorrow scheme. Your Tomorrow works differently from your existing Scheme.

With Your Tomorrow, you save some of your pay into an account. You can choose how much. The Group adds money on top of that. The money in your account is invested to help it grow. When you retire, you can use your money in various ways.

Find out more about your choices on the pension pages of the internal Reward SharePoint site. You can also see how your choices might affect the amount of pension you get on the pension savings modeller.

Before you make any decisions, we recommend you speak to an independent financial adviser. To find one near you, go to MoneyHelper’s retirement adviser directory.

If you do decide to move to Your Tomorrow, contact the Scheme administrator.