Pension scheme form

To rejoin the defined contribution (DC) scheme, amend your DC contribution rate or any member wishing to pay additional voluntary contributions (AVC), use the quick and simple online pensions form. Please note that any AVCs are paid in addition to your basic contribution.

You will need your UU employee number to complete the form.

By contributing 3% of your pensionable earnings UU will contribute 6% to your pension.

By contributing 4% of your pensionable earnings UU will contribute 8% to your pension.

By contributing 5% of your pensionable earnings UU will contribute 10% to your pension.

By contributing 6% of your pensionable earnings UU will contribute 12% to your pension.

By contributing 7% of your pensionable earnings UU will contribute 14% to your pension.

If you contribute 7% or over, the amount above 7% will be classed as an Additional Voluntary Contribution (AVC). In this case please specify exactly how much above the 7% you would like to contribute below:

UU's contribution is capped at 14%.

The maximum total contribution is your salary capped at £60,000 per tax year.  If your taxable earnings are over £200,000, the amount you can pay in may be less than £60,000.

Please also note that if you have started receiving pension benefits from a DC or AVC pot (either from UU or a previous pension) on a ‘flexible’ basis then the total amount you and the company can pay into the pension is reduced to £10,000 per annum. This is known as the Money Purchase Annual Allowance (MPAA)

Please see the annual allowance leaflet.

Investment Allocation: Your contributions will automatically be invested in funds decided by the Trustee. Shortly after joining you will be sent details of how to access your pension records and make investment choices should you wish to do so.

Actively at work: Please note if you are not actively at work at UU when you join the DC section you may not be covered for life cover in the event of death or Group Income Protection in the event of sickness. This is because it becomes an insured benefit and one of the requirements on being covered is that you are actively at work on the day you move/join the DC section. “Actively at work” means you are in work, are not working against medical advice, must be following your normal occupation and working your normal number of contracted hours

By submitting this form, I confirm that: 

• I understand that changes to regular monthly AVCs under PensionSaver changes are subject to company consent
• I have read and agree to the Data Protection Act Statement
• I have read the information about the Annual Allowance
• I understand that if I am not actively at work when I join the DC section I may not be covered for life cover or Group Income Protection
• I authorise these changes to be made to take effect from the following pay date from receipt of this form. I understand this will be dependant on payroll cut off dates
• If I have chosen to pay a regular monthly AVC, and the change is effective 1 April, I understand that it will be paid under PensionSaver and that my contract of employment shall be varied so that my salary will be reduced by an amount equivalent to the amount of the AVC.
• If I have chosen to pay a regular monthly AVC, and it is not 1 April, I agree that this is due to a lifestyle event and will be paid under PensionSaver and that my contract of employment shall be varied so that my salary will be reduced by an amount equivalent to the amount of the AVC.
• If I have chosen to pay a one-off lump sum AVC, I authorise the Company to deduct from my pay the AVC amount I have indicated.

* PensionSaver is a more efficient way of saving for your pension benefits compared to making contributions in the traditional way. You don’t pay any pension contributions yourself, and instead, United Utilities pays an amount into your pension account equal to the contribution you would have paid yourself. As you don’t pay pension contributions, you are agreeing to reduce your contractual gross salary by the amount you would have paid as a contribution. The result is that you will pay less in National Insurance (NI) contributions than you otherwise would have done. We expect that most employees will benefit from PensionSaver, so you will be automatically included in PensionSaver unless you tell us you wish to opt-out by using the contact form on our internal Ask HR.

To rejoin the defined contribution (DC) scheme, amend your DC contribution rate or any member wishing to pay additional voluntary contributions (AVC), use this quick and simple online pensions form. Please note that any AVCs are paid in addition to your basic contribution.

You will need your UU employee number to complete the form.

The maximum total contribution is your salary capped at £60,000 per tax year.  If your taxable earnings are over £200,000, the amount you can pay in may be less than £60,000.

Please also note that if you have started receiving pension benefits from a DC or AVC pot (either from UU or a previous pension) on a ‘flexible’ basis then the total amount you and the company can pay into the pension is reduced to £10,000 per annum. This is known as the Money Purchase Annual Allowance (MPAA).

Investment Allocation: Your contributions will automatically be invested in line with your current contributions. If you are paying AVCs for the first time your contributions will be invested in funds decided by the Trustee. Shortly after joining you will receive details of how to access your pension record and make investment choices should you wish to do so.

By submitting this form, I confirm that: 

• I understand that changes to regular monthly AVCs under PensionSaver are subject to company consent
• I have read and agree to the Data Protection Act Statement
  
  
• I have read the information about the annual allowance
  
  
• I authorise these changes to be made to take effect from the following pay date from receipt of this form. I understand this will be dependent on payroll cut off dates
  
  
• I have read the AVC page on the Pensions website
  
  
• If I have chosen to pay a regular monthly AVC, and the change is effective 1 April, I understand that it will be paid under PensionSaver and that my contract of employment shall be varied so that my salary will be reduced by an amount equivalent to the amount of the AVC.

• If I have chosen to pay a regular monthly AVC, and it is not on 1 April, I agree that this is due to a lifestyle event and will be paid under PensionSaver and that my contract of employment shall be varied so that my salary will be reduced by an amount equivalent to the amount of the AVC.
  
  
• If I have chosen to pay a one-off lump sum AVC, I authorise the Company to deduct from my pay the AVC amount I have indicated.

* PensionSaver is a more efficient way of saving for your pension benefits compared to making contributions in the traditional way. You don’t pay any pension contributions yourself, and instead, United Utilities pays an amount into your pension account equal to the contribution you would have paid yourself. As you don’t pay pension contributions, you are agreeing to reduce your contractual gross salary by the amount you would have paid as a contribution. The result is that you will pay less in National Insurance (NI) contributions than you otherwise would have done. We expect that most employees will benefit from PensionSaver, so you will be automatically included in PensionSaver unless you tell us you wish to opt-out by using the contact form on the internal Ask HR pages.

To rejoin the defined contribution (DC) scheme, amend your DC contribution rate or any member wishing to pay additional voluntary contributions (AVC), use the quick and simple online pensions form. Please note that any AVCs are paid in addition to your basic contribution.

You will need your UU employee number to complete the form.

By contributing 3% of your pensionable earnings UU will contribute 6% to your scheme.

By contributing 4% of your pensionable earnings UU will contribute 8% to your scheme.

By contributing 5% of your pensionable earnings UU will contribute 10% to your scheme.

By contributing 6% of your pensionable earnings UU will contribute 12% to your scheme.

By contributing 7% of your pensionable earnings UU will contribute 14% to your scheme.

If you contribute 7% or over, the amount above 7% will be classed as an Additional Voluntary Contribution (AVC). In this case please specify exactly how much above the 7% you would like to contribute below:

UU's contribution is capped at 14%

The maximum total contribution is your salary capped at £60,000 per tax year.  If you are in receipt of a pension or have total taxable earnings over £200,000, the amount you can pay in may be less than £60,000.

Please also note that if you started receiving pension benefits from a DC or AVC pot (either from UU or a previous pension) on a 'flexible' basis then the total amount you and the company can pay into the pension is reduced to £10,000 per annum. This is known as the Money Purchase Annual Allowance (MPAA).

Please see the annual allowance leaflet.

Investment Allocation: Your contributions will automatically be invested in line with your current contributions.

By submitting this form, I confirm that: 

• I have read and agree to the Data Protection Act Statement
  
  
• I have read the information about the Annual Allowance
  
  
• I authorise these changes to be made to take effect from the following pay date from receipt of this form. I understand this will be dependant on payroll cut off dates
  
  
• I have read the AVC page on the Pensions website
  
  
• If I have chosen to pay a regular monthly AVC, I agree that this is due to a lifestyle event and will be paid under PensionSaver and that my contract of employment shall be varied so that my salary will be reduced by an amount equivalent to the amount of the AVC. If I have chosen to pay a one-off lump sum AVC, I authorise the Company to deduct from my pay the AVC amount I have indicated.

* PensionSaver is a more efficient way of saving for your pension benefits compared to making contributions in the traditional way. You don’t pay any pension contributions yourself, and instead, United Utilities pays an amount into your pension account equal to the contribution you would have paid yourself. As you don’t pay pension contributions, you are agreeing to reduce your contractual gross salary by the amount you would have paid as a contribution. The result is that you will pay less in National Insurance (NI) contributions than you otherwise would have done. We expect that most employees will benefit from PensionSaver, so you will be automatically included in PensionSaver unless you tell us you wish to opt-out by using the contact form on the internal Ask HR pages.

Nearly there, all you need to do is submit the form using the button below