About The People’s Pension
The People’s Pension is a multi-employer, defined contribution occupational pension scheme that has master trust status. BAM is one of many who use it as one of their workplace pension schemes.
It’s run by People’s Partnership, formerly B&CE, a not-for-profit organisation.
How does it work?
BAM will let you know if you’re going to be automatically enrolled into The People’s Pension.
Look out for your joining information because it will tell you how to set up your online account. This is a good way to see how much you’ve saved and how much money you can expect back when you retire.
For further information about The People’s Pension you can also visit thepeoplespension.co.uk
As a member, you’ll have your own personal account within The People’s Pension. You and BAM will contribute to your personal account on a weekly basis.
Your contributions, where eligible, receive tax relief.
The benefits you receive at retirement will depend on a number of factors, including:·
- The amount contributed.
- Investment performance.
- The cost of investing your personal account.
- The age at which you access your account.
- The cost of securing an income when you retire, if you choose to do so.
Documents
The-Peoples-Partnership-Member-Booklet