I'm in the Alliance Healthcare & Boots Retirement Savings Plan

How it works

The AHBRSP is a 'defined contribution' pension plan.

This means that you and your employer pay contributions into an individual Retirement Savings account. Your account is invested, and any money that is made from the investments is added to your account. When you retire, you use the money in your account to give you a retirement income (or pension).

The Government helps by giving you tax relief on your contributions.

To join, all you need to do is complete the application form.

Key features

When you join, an individual Retirement Savings account is set up in your name. Contributions from you and your employer are credited to this account and invested to build up over the years. The value of your account will then be used to provide benefits when you retire.

The Legal & General Key Features document has a lot more detail about how our plan works.

Investment options
Contributions will be invested in the Default Fund, but you can select a different fund or funds once you become a member.

Benefits
You choose how to take your benefits – generally you will be able to take a mix of cash and regular income.

Financial support
Your employer makes a contribution to your retirement savings, helping you save even more for your future.

Portability
If you leave the company your employer’s contributions will cease, but you can continue to pay into the scheme. Alternatively, you may be able to transfer the funds you have built up into another scheme.

Membership
You can choose to join once you have completed three months’ service. Entry is on the 1st day of the following month.

Your contributions
You decide how much to save – from 3% to 6% of your Retirement Savings Pay. You can pay in more, but it will not be matched by your employer.

Your employer’s contributions
Your employer will match your savings by up to 6% of your Retirement Savings Pay.

Life assurance cover
You get life cover of four times (4x) your annual Retirement Savings Pay, rising to five times (5x) after you have been a member for five years.

Earlier updates later updates

Documents

Scheme Guide

Scheme Guide

Alliance Healthcare & Boots Retirement Savings Plan - April 2018

DOWNLOAD
pdf 691kb
AHBRSP Contribution factsheet

AHBRSP Contribution factsheet

AHBRSP Contribution factsheet

DOWNLOAD
pdf 512kb
Leavers factsheet

Leavers factsheet

A guide to your retirement savings if you’re leaving the Company

DOWNLOAD
pdf 541kb