Joining the Investor Plan

Perhaps you are a new employee or opted not to join the pension plan? Find out more about the plan benefits and how much it will cost.

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How to join

Normally you will join the plan automatically at your joining date, but you can choose to opt out if you want to. Government legislation requires us to ‘re-enrol’ you every 3 years; you can of course opt out again.

If you would like to opt in to the Investor Plan please do this through the MyChoice website. If you are unable to access the MyChoice website please contact HR Direct.

How it works

Joining
Most employees automatically join when joining Siemens.
Contributing
You pay in contributuons. Siemens also pays in to your account.
Accessing
You can access your savings from age 55. The normal retirement age is 65.

Benefits of joining

Siemens will make a monthly contribution to your personal pension fund.
The more you contribute, the more you will get from Siemens (up to 10% of pensionable salary).
You save tax and national insurance on your contributions paid through MyChoice.
Siemens covers the administrative costs of running the Plan.

Click here to see the level of retirement income you might expect.

Related information

Understand the breakdown of your contributions, how much it costs you, how much your employer and the government will add to your savings. See how increasing your contribution affects your net pay.