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    • Snapp
    • By Snapp 22nd Aug 19, 10:07 PM
    • 1Posts
    • 0Thanks
    Snapp
    AstraZeneca pension scheme
    • #1
    • 22nd Aug 19, 10:07 PM
    AstraZeneca pension scheme 22nd Aug 19 at 10:07 PM
    Can anyone explain to me how the AstraZeneca pension scheme for new joiners works please? Iíve applied for a role and spoke to someone on the talent team and thought I understood it, now I donít! I understand the scheme changed recently.

    Thanks
Page 1
    • markbsac
    • By markbsac 23rd Aug 19, 12:13 AM
    • 82 Posts
    • 30 Thanks
    markbsac
    • #2
    • 23rd Aug 19, 12:13 AM
    • #2
    • 23rd Aug 19, 12:13 AM
    sorry no as im on the old fisons final salary scheme...but i still have no clue how that works either
    • uk03878
    • By uk03878 23rd Aug 19, 7:43 AM
    • 116 Posts
    • 87 Thanks
    uk03878
    • #3
    • 23rd Aug 19, 7:43 AM
    • #3
    • 23rd Aug 19, 7:43 AM
    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
    • xylophone
    • By xylophone 23rd Aug 19, 8:00 AM
    • 30,896 Posts
    • 19,088 Thanks
    xylophone
    • #4
    • 23rd Aug 19, 8:00 AM
    • #4
    • 23rd Aug 19, 8:00 AM
    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.
    Last edited by xylophone; 23-08-2019 at 8:50 AM. Reason: typo
    • uk03878
    • By uk03878 23rd Aug 19, 8:43 AM
    • 116 Posts
    • 87 Thanks
    uk03878
    • #5
    • 23rd Aug 19, 8:43 AM
    • #5
    • 23rd Aug 19, 8:43 AM
    ER pension

    Thatís the money that the employer is contribution to the pension.

    EE pension
    That's the money that the employee is contributing to the pension.
    Originally posted by xylophone
    Sorry, I knew that but I didn't know what the %s were to inform the OP
    • xylophone
    • By xylophone 23rd Aug 19, 9:21 AM
    • 30,896 Posts
    • 19,088 Thanks
    xylophone
    • #6
    • 23rd Aug 19, 9:21 AM
    • #6
    • 23rd Aug 19, 9:21 AM
    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.
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