BAT FYI 2011 - page 11

11
Search
GO
Cool Tools
Browse
Pensions
BAT UK Pension Fund
Pension store
Blogs
Reports
Newsletters
Discussions
Support
What’s hot in the world of the web!
This site is accessible by Mac and PC and has been tested on a full range of browsers from
over 300 countries worldwide.
Now on your website: Get planning
The ‘Plan it’ tool is a fun and interactive way
of getting you to think about the sort of
expenditure you may have when you give up
work and take a well-earned retirement.
Simply enter the amounts you think you are
likely to spend in retirement and the tool will
automatically work out the sort of pension
you may need to meet these costs.
Popular pages
Confirm your beneficiaries online
with our new online death benefit
nomination form:
The DC Pension Planner
This shows
employee members and deferred
members of the DC Section an at a
glance graph and figures illustrating
their potential retirement pension.
The DB Pension Planner
is also
available for DB members.
It’s simple to register if you
haven’t already:
Visit
/
batpensions
1. Click on ‘Register’ at the top
of the screen
2. Enter your full name and
National Insurance number
and choose your own login
name and password
3. You will then be sent a PIN
as an additional security
measure – you can receive
this by email or by post if
you prefer.
The website is a secure
site, which has multi-layered
security, utilises EAL4 certified
Firewalls and employs Network
Intrusion Detection Systems
(NIDS) and Host Based
Intrusion Prevention Systems
(HIPS), to protect member
information.
Customer reviews
5 star:
4 star:
3 star:
2 star:
1 star:
I use the pension modelling tools once a year.
The ‘Plan it’ tool helps you to think about
what you might need in a more structured way. Of course you need to review things
regularly because costs of living/circumstances change. For example energy costs (running
a car, lighting and heating) are becoming an increasingly large proportion of spending.
If you use ‘Plan it’ in conjunction with the pension modelling tools you can decide what
extra you need to contribute. For people mid-career it’s really important. I did upset myself
realising I didn’t have enough of a pension and it made me realise how good the BAT Fund
is. When I think about what I could have received had I joined a great pension scheme
when I left school… It just makes me wish I had started working for BAT earlier! However,
to improve your pension you don’t have to pay AVCs through the BAT Fund, you could
contribute through a personal pension or a SIPP (self investment pension plan), so long as
you get your money to work for you. Sadly, these days, if you just keep money in a savings
account you are losing money in real terms as the return isn’t even keeping up with inflation.
Andrew Brock, DB member
This sort of tool sounds really good
and I intend to use it, but it doesn’t just sound helpful
for members closer to retirement. I left the Fund more than 25 years ago when I was 30 and
paying AVCs hadn’t occurred to me at that stage in life, but I wish I had as the earlier you start
paying, the smaller any gap between your ideal income and the income you are going to get.
Mary Blunt, deferred member
fyi.
co.uk
My account
Fund list
1...,2,3,4,5,6,7,8,9,10 12,13,14,15,16,17,18,19,20
Powered by FlippingBook