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Who looks after the L&G Mastertrust? | The L&G Mastertrust is looked after by independent, professional Trustees, appointed by Legal & General. The L&G Mastertrust is administered by Legal & General. |
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What would I pay in, and what would the Company pay in? | What you and Sibelco would pay in each time you were paid would depend on your age. The older you are, the more of your Pensionable Earnings would go into your pension pot each time you were paid. You would also have the option to pay more, if you wanted to. If you paid in more, so would Sibelco – up to a certain amount – which also depends on your age. Find out more about what you and Sibelco pay, depending on how old you are. |
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| You would pay into your pension pot through something called ‘Smart Pension’ (also known as ‘Salary Sacrifice’) if you’re eligible. This is a tax-efficient way of paying into your pension and it means that you would give up the part of your pay you would otherwise have paid into your pension, and Sibelco would pay that amount into your pension instead. As a result, most members pay less in National Insurance and less tax. |
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How would my Pensionable Earnings be worked out? | Your Pensionable Earnings would be based on your salary, excluding any bonuses or benefits-in-kind you might get (and before you give up any salary under Smart Pension). |
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How would my pension pot be invested? | If you don’t make your own investment choice, your pension pot would be invested in the L&G Lifetime Advantage Funds (‘LAF’). You would also have a number of other options for how to invest your pension pot, which would include: - a range of L&G Target Date Funds,
- a range of Self-Select funds, and
- a range of Self-Select Lifestyle strategies.
Find out more about how your pension pot would be invested. |
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What would the charges be? | What charges you would pay would depend on how your pension pot is invested. If your pension pot was invested in the L&G Lifetime Advantage Funds (‘LAF’) you would pay between 0.27% and 0.4% of the value of your pension pot each year (depending on how many years you are from retirement). If you choose to invest your pension pot in a different way, you can check the charges that you would pay in the 'Guide to the L&G Mastertrust fund range (Stakeholder Plan)'. |
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Who would pay the charges? | |
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What would be paid to my loved ones if I die and I’m working for Sibelco and paying into the pension scheme? | A lump sum of 2x your Pensionable Earnings would be paid to your loved ones at the time of your death. Plus, your loved ones would get the total value of your pension pot from the L&G Mastertrust. |
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How would I check in on my pension? | You would be able to check how your pension pot is doing by logging into a new L&G pension account that would be set-up just for you. If you joined the L&G Mastertrust, you would receive a welcome letter from L&G that helps you register for your account and log in for the first time. |
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