Your contributions

You and the Company pay monthly contributions into your pension pot (LifeSight Account), which is invested in an investment fund chosen by you. The retirement benefits you’ll receive from the LifeSight Master Trust will depend on how much you choose to pay in (your level of contributions) and the performance of the funds you invest in.

The Company contributes twice the amount you pay (up to 14%). An amount is deducted from the Company contribution to pay for life assurance and group income protection and the rest is then invested with your contributions.

This table shows the total amount that goes into your pension pot each month depending on which contribution rate you choose.

The contributions you pay are known, but the benefit that you will receive is unknown, until you retire.

Your contribution	Company Contribution	Deduction for life cover and income protection	Total invested
3%	6%	N/A	9%*
4%	8%	1%	11%
5%	10%	1%	14%
6%	12%	1%	17%
7%	14%	1%	20%

* in compliance with Automatic Enrolment legislation

Tax and National Insurance Savings

You don’t pay tax on pension contributions (subject to limits), so it costs you less than the amount you pay in, saving you money!

If you’re in our Pension Saver scheme, which is a salary sacrifice scheme, you could also pay lower National Insurance contributions, increasing your take home pay even more! To find out more about our Pension Saver scheme, download the Pension Saver Factsheet.

You can change your contribution rate by logging in to your LifeSight Account.