Your defined contribution AXA pension

of saving

Did you know that you save tax by paying into your pension?

Every month, you get tax deducted from your salary. To encourage you to save for your future, however, when you pay into your pension the government gives you back the tax you would have paid on those contributions. This means as well as the money you would be putting in, some of your money that would have gone to the government as tax now goes into your pension instead. Meaning its costs you less and you save more.   Please click here  to find out more.

Why is it so important to start saving now?

It’s easy to convince yourself that there are better things to do with your money today than planning for say, 30 years’ time. So starting a pension savings plan may not be top of your priorities, but you may be surprised how much of a difference starting earlier could make to your future.

Even delaying a pension by a few years can have a dramatic effect.

Please click here  to find out how your money grows.

Please download the interactive Member Guide to find out more about the benefits of the AXA UK Group Pension Scheme.

AXA contractually enrolls all new employees into the pension scheme. 

You do have the option to leave the scheme but this should be carefully thought out because you will be missing out on valuable contributions from the AXA UK Group as well as potential tax savings.

If you were not contractually enrolled into the scheme, or if you have opted out of the Scheme, you may be enrolled through Auto-enrolment (AE). This is a government initiative to support people in saving for their retirement through a work pension scheme. The legislation requires companies to automatically place employees into the pension if they meet the following:

-          Are aged between 22 and State Pension Age

-          Earn more than £10,000 per year

Work in the UK

Please click here to read out frequently asked questions on AE.