If you are an employer, you can access all the information on our general employers page. At Legal & General, we want to help your clients navigate the changing world of retirement and savings in the UK as easily as possible. We are committed to ensuring that UK businesses have access to a range of affordable, high-quality and well-regulated pension products that can adapt and evolve as the savings and retirement landscape changes. Access our online services for protection (group and individual), retirement and company pensions. No matter the size of your clients` system or the challenges they face along the way, we are here to support them and their members with our deep expertise in the successful delivery of defined contribution pension plans. As one of the leading providers of defined contribution occupational pensions, Legal & General offers a range of trust schemes and contracts offering flexibility, choice and value for money. Even if you are not eligible for automatic enrolment, you may be able to join your company pension plan. Talk to your employer about how you can reach out. A personal or company pension plan, where contributions and investment returns determine how much money you have to earn income for retirement.
Also known as “buying money” systems because the pot you`ve accumulated can be used to earn income in retirement. A lifestyle is an investment strategy that changes the funds you invest in as you approach your retirement date. You usually invest your money in funds that offer long-term growth potential when you are far from your retirement date. Then, as retirement approaches, they turn your money into various funds, usually with the goal of reducing volatility or pursuing a specific investment goal. We are one of the leading providers of occupational pensions in the UK. While your annuity may accept transfers with Legal & General, we always recommend that you consult a financial advisor before transferring any other annuities you have to us. Since 2012, employers have been required to automatically enrol their eligible employees in a company pension plan. If you are informed that you have been automatically registered, you can unsubscribe, but you may miss out on benefits such as contributions from your employer and tax breaks. For more information about the investments available to you, log in to Manage Account or visit your microsite/website.
Our “Funds” section lists the investments generally available for each of the above products. Your system may have selected attachments for you other than those listed. The vast majority of people who are members of a company pension plan invest in their standard investment option, which is designed to be broadly suitable for the majority of investors. You should keep in mind that a standard option has not been evaluated based on your personal situation and therefore may not be the right investment decision for you. Find out about your pension benefits, how to transfer other pensions to them, and find out what happens when you change jobs. We are proud to be one of the UK`s leading occupational pension providers, chosen by some of the UK`s biggest and well-known names. For many people, getting into a company pension plan is a great way to build a pot to earn income in retirement. You get tax breaks on your contributions and your employer can also contribute, which significantly increases your savings. In general, the tax treatment depends on your personal situation and may change in the future.
Personal data collected from you will be shared with fraud prevention authorities in order to prevent fraud and money laundering and to verify your identity. If fraud is detected, you may be denied certain services, finances or employment. For more information about how your information is used by us and these fraud prevention agencies, as well as your privacy rights, please visit legalandgeneral.com/cifas We continue to prioritize requests regarding bereavement, the establishment of spousal pensions and the modification of details. All of our lines are open, although we may occasionally change our hours of operation so that our team can take care of other essential services. If you are automatically logged in, you can visit WorkSave Choice (depending on your system with Choice) to view your system and personal information, or to opt out if you do not wish to remain logged into your company`s pension plan. Our wide range of guest houses offers choice and flexibility to meet the different needs of all your guests. If you have any questions and would like to tell us about any of our products or solutions for your customers in the workplace, please contact your usual representative or contact us: If you have already withdrawn from the program, re-enrollment is an opportunity to save in your pension fund. Your employer is obliged to join the occupational pension scheme every three years if you are still eligible and are not currently a member of your pension scheme. Millions of workers in the UK have been automatically enrolled in occupational pensions. Use our library of documents to find the information you need for your retirement, savings or investments. Our retirement planning tool helps you understand how much you may need to contribute based on the retirement income you expect.
If you are a member of a company pension scheme or already work in a company pension scheme, you should receive an annual statement from your pension fund showing the evolution of your savings over the past year. First Contact TeamInformation Commissioner`s OfficeWycliffe HouseWater LaneWilmslowSK9 5AF To discuss your options for freeing up your home equity or taking out a retirement interest-only mortgage, call us on 0808 163 7522 Monday to Sunday from 8.30am to 8.00pm. We can record and monitor calls. You can also ask one of our advisors for a callback who will be happy to help you. Relay assistants are committed to privacy and any details you share with them, such as identification data or financial information, are safe and secure. You can contribute up to 100% of your relevant income or £3,600 gross, if more, into your pension scheme while benefiting from tax breaks. If you have started to draw flexible income from your pension fund, your annual allowance will be reduced to £4,000 per year (this is called the annual cash consumption allowance (MPAA)) and you will not be able to transfer unused allowances. If you want to continue building your pension fund, it can have an impact on when you start increasing your income.
Receiving your tax-free lump sum with no other income affects your annual allowance. Payment Services, Legal & General Retirement, PO Box 809, Cardiff, CF24 0YL. The personal data that Legal & General collects from you may be shared with fraud prevention authorities who use it to prevent fraud and money laundering and to verify your identity. You can request a retirement quote from our claims team by calling them on 0345 070 8686. The right to force us to delete any personal data we hold about you. This right only applies if, for example: If you join your employer`s pension plan, your retirement income could be significantly higher than if you relied solely on the government because you and your employer contribute. You can call our helpline on 0345 070 8686 – open Monday to Friday from 8:30 to 19:00 and Saturday from 09:00 to 12:00. Employers, trustees and members of the system benefit from a range of services.
The value of your pension fund can go up or down and is not guaranteed. You should choose your funds carefully and review them regularly, especially if you are approaching retirement. Legal & General and other organisations may also access and use this information to prevent fraud and money laundering, for example if: If we have not published our “final response” within eight weeks of the date you first filed your complaint, or if you are not satisfied with our response, you can request an independent audit from the Financial Ombudsman Service. The Financial Ombudsman Service can only investigate your complaint if you have tried to resolve it with us, so please let us know of your concerns first and we will do our best to assist you. If your pension contributions come directly from your salary, you will need to notify your payroll department of any changes you wish to make. Your employer may also limit the number of times you can do this in a year. In some cases, we may use software or systems to make automated decisions (including profiling) based on personal data we have or collect from others. These may include: If you would like to contact us by email about a product other than retirement, please visit our main client page so that we can process your request properly.
Legal & General and other organizations may access and use information recorded by fraud prevention agencies in other countries. Please contact our Group Financial Crime Department if you would like to receive relevant contact details from anti-fraud agencies: if you are paying by direct debit, call us or send us a letter or email, provide your plan number and let us know what you would like to change your payments to. You can increase or decrease your regular contributions, but you may have to meet a minimum amount. Use our calculators and tools to find out how much income you may need in retirement and what savings they could bring you in income. For certain research and statistical activities, we may retain reduced personal information about you, including medical information, indefinitely for the sole purpose of defining our actuarial, actuarial, actuarial and pricing strategies.