New Post Advanced Search

AstraZeneca pension scheme

5 replies 1.4K views
SnappSnapp Forumite
1 posts
Can anyone explain to me how the AstraZeneca pension scheme for new joiners works please? I’ve applied for a role and spoke to someone on the talent team and thought I understood it, now I don’t! I understand the scheme changed recently.

Thanks

Replies

  • markbsacmarkbsac Forumite
    100 posts
    sorry no as im on the old fisons final salary scheme...but i still have no clue how that works either
  • uk03878uk03878 Forumite
    294 posts
    100 Posts First Anniversary Name Dropper
    ✭✭
    https://www.legalandgeneral.com/workplace/a/az-after/
    I have no knowledge but just did a quick search
    What the ER and EE % are, sorry I don't know
  • edited 23 August 2019 at 9:50AM
    xylophonexylophone Forumite
    34.4K posts
    Part of the Furniture 10,000 Posts Name Dropper
    ✭✭✭✭✭
    edited 23 August 2019 at 9:50AM
    What the ER and EE % are, sorry I don't know


    ER pension

    That’s the money that the employer is contributing to the pension.

    EE pension
    That's the money that the employee is contributing to the pension.
  • uk03878uk03878 Forumite
    294 posts
    100 Posts First Anniversary Name Dropper
    ✭✭
    xylophone wrote: »
    ER pension

    That’s the money that the employer is contribution to the pension.

    EE pension
    That's the money that the employee is contributing to the pension.
    Sorry, I knew that but I didn't know what the %s were to inform the OP
  • xylophonexylophone Forumite
    34.4K posts
    Part of the Furniture 10,000 Posts Name Dropper
    ✭✭✭✭✭
    Sorry, I knew that but I didn't know what the %s were to inform the OP

    The information given in the link is very general - the specifics of AZ employee and employer contributions, whether there is salary sacrifice on offer, whether the tax relief is relief at source/net pay don't seem to be there.

    How does it work?
    All employees are assessed for eligibility based on their earnings and age.
    If you’re enrolled, you and/or AstraZeneca (Site 1 - After 1st July 2010) will pay into your pension pot on a regular basis to help you save for your future.
    Your contributions are taken automatically from your pay and once you’ve been enrolled you can look at paying in more if you want to.
    You’ll get a letter confirming that you’ve been enrolled and how much you and/or AstraZeneca (Site 1 - After 1st July 2010) will contribute and if those contributions will increase in the future.
Sign In or Register to comment.

Quick links

Essential Money | Who & Where are you? | Work & Benefits | Household and travel | Shopping & Freebies | About MSE | The MoneySavers Arms | Covid-19 & Coronavirus Support