The Scheme is flexible and gives you the option to pay less in the ‘50:50 Section’.
This option means you can pay half your normal contribution for half the amount of pension, so you’re able to keep paying into the Scheme when things are difficult financially.
This is designed to be a short term option, meaning that you'll be re-enrolled into the Main Section automatically at our next ‘auto-re-enrolment’ date which is March 2025 (auto re-enrolment happens once every 3 years).
Following re-enrolment, if you’d like to continue paying half your normal contribution, you can then make a further election to rejoin the 50:50 Section.
Your ill health and death benefits will remain unchanged when paying into the 50:50 Section.
If you'd like to join the 50:50 Section, please complete and return our 50:50 Section election form.