Your easyJet pension scheme
Retirement is a massive part of all our lives and you’ll want to make sure you’ve saved enough to enjoy your retirement.
Information
This website is to provide information to easyJet employees who are part of the Aegon Retirement Choices scheme. If you’re part of the NEST or the overseas scheme please speak to the HR team who can provide you with information about your scheme.
So why should you use a workplace scheme to save for retirement?
- Saving for retirement through a workplace scheme is generally considered to be one of the best and most tax-efficient ways to save for retirement.
- easyJet will also contribute, or pay money into your pension – that’s extra money on top of your salary.
- Moving your retirement savings into one pot, in one place, may help you take control and possibly save you money by making it easier to see exactly how much you're paying in charges.
Transferring a pension may not be the best option for you. You may lose features, protections, guarantees or other benefits - so make sure you compare products before transferring. It’s up to you to decide if this is the right decision for you. If you’re not sure, speak to a financial adviser - there may be a charge for this.
It’s important to remember the value of your consolidated pension pot can still fall as well as rise and the final value of your pension pot when you come to take benefits may be less than has been paid in.
Any new funds you move your money into will have their own set of risks that will be detailed in the fund information available to you. - The scheme offers ‘salary sacrifice’ – where you reduce your gross salary in exchange for easyJet making a pension contribution. The income tax and National insurance savings made, if you pay them, from this can be used to either increase the pension contribution being made or for your take home pay to be increased - although this may not be the case for everyone.
Salary sacrifice isn't always suitable for everyone. You should think about other things linked to your level of salary such as statutory maternity, paternity, sick pay, working tax credit/child tax credit or State Pension or the amount of mortgage you can borrow.
The value of the reduction in tax and National Insurance will depend on your individual circumstances, and could change.
If you want more information on the suitability of salary sacrifice, you should get financial advice - there may be a charge for this.
The value of an investment can fall as well as rise and isn't guaranteed. The final value of your pension pot when you come to take benefits may be less than has been paid in.
