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.

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

What will it cost?

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.

Life Journey

This tool will take you through pivotal stages in your career and give you information on what you should be thinking about regarding your pension.

Investor Plan

Investor Plan Guide

The Investor Plan Guide has detailed information about the Plan. 

Contact Pensions

If you are considering joining Siemens and have questions about the Pension please refer to your recruitment contact.

 

If you are an active Siemens Employee contact us via HR Direct.