We offer some great financial benefits that help you save for your future and offer peace of mind, like insurance cover to help you and your family if you’re ever unable to work during your career with us. To make sure that you can enjoy as many benefits as possible, you’ll need to be a member of our Pension Scheme.
“When I started with the National Trust I joined the Stakeholder Pension Scheme, which has helped me start saving for my retirement. I received all the paperwork, made informed decisions on my investments and have had the chance to follow up on the best options available to me.”
We top up your pension fund by making contributions of between 5% and 8% depending on your age. We work in partnership with Legal and General and you can follow the value of your investments online. You can, of course, opt out of the Salary Sacrifice Scheme if it benefits your individual circumstances.
“As I’ve been with the National Trust for so long, I’m fortunate to be a member of the Final Salary Pension Scheme and will look to retire in 18 years - so I’m not a pensioner just yet. The Pension Scheme is a really good benefit to have.”
This benefit has been closed to new members since 2003, but for those of you who have been with us for longer the Final Salary Pension Scheme take 7% from your salary per year and pay 1/60th of your final salary for each year of pensionable service you have given us. If you die while in service, a third of your pension will be paid to your spouse or partner. If you die as a pensioner, they’ll receive two-thirds of your pension.
“I also get peace of mind knowing that life assurance and income protection is also included. Having children means you quickly learn to think about, and appreciate, those little extras that come with a good benefits package.”
It’s not something any of us likes to dwell on but should you die while in service your beneficiaries will receive 12 times your salary (providing you’re a member of our Stakeholder Pension Scheme). This drops to one times your salary if you are not a member of the Stakeholder Pension Scheme. For those of you on the Final Salary Pension Scheme, your beneficiaries would receive four times your annual salary.
“It’s good to know that as a member of the Pension Scheme, you get additional benefits such as protection in the event of ill health or death.”
If you were to become ill and unable to work during your career with us, you’d receive 40% of your annual salary for two years. Then, if your employment’s terminated due to your ill health, you’d receive a one-off payment of four times your annual salary (providing that you’re a member of the Stakeholder Pension Scheme).
“I hope I never have to make use of the sick pay for more than the odd day but I’m glad it’s there.”
If you get ill, you’re entitled to one week’s sick pay during your first three months of employment. This rises to three months at full pay after three months and a further three months at half pay after you’ve completed four years’ service.
Value of benefits: £0
Value of allowances: £0
Total reward: £0