If you decide to relinquish your role with HBOS, contributions to the Scheme will continue to be made, based on the same percentage of your salary.
However you can change the level of contributions if you wish - just contact $Group Pensions.
Your New Job Level |
HBOS Will Contribute |
1 to 4 |
1½ times your own contribution level* |
5 to 6 |
2 times your own contribution level* |
7 to 8 |
2½ times your own contribution level* |
* up to a maximum of 8% of basic pay
To see how a change in salary level and/or job level might affect your potential benefits at retirement, refer to the HBOS Pension Planner.
