Your pension explained
The IMI pension is a defined contribution scheme. This just means that you and IMI pay a fixed amount each month into your pension. The money is then invested until you’re ready to take it when you retire.
The basics of your pension are really simple:
Lets say you pay in £100.
We pay money in too and will match your contribution, so that's another £100 going in.
The Government gives you back £20.00.
Because this is a SMART scheme, you save 13.25% in National Insurance.
You get £200 going into your pension and because of the tax savings, it has only cost you £68.00 - you can't say fairer than that!
Watch our video below to find out more about pension savings, investments and the Mercer Master Trust (MMT).