The Thomas Cook UK DC Pension Scheme is a great way of saving
for retirement and there are plenty of good reasons to join:
-
It’s
flexible – pay
any amount of your salary from 4% upwards;
-
The Company
pays too – between
4% and 15%, depending on how much you pay and how long
you have been a member;
-
The
taxman will help – you escape tax
on your contributions: so for a basic rate taxpayer, every £10
you pay in, only £8
comes out of your pay; and
-
It’s
more than just a pension – it’s
peace of mind. If you die while an employee
member, all the money saved, plus an
extra 8 times your annual salary is available to provide for
your family and dependants.
You can take it with you – after
just 3 months’ membership, you can
take all the money with you to another pension plan
if you change jobs.
These
are just some of the highlights. For more information on the Scheme, click
here to
view the new interactive Scheme booklet. See 'Investment options'
below for information on the investment choices available through
the Scheme.
MyView Retirement Planner
To
help with your retirement planning you can access the MyView Retirement
Planner - this tool illustrates how
much pension you might receive at retirement based on information
such as your and the Company’s contribution rate and your
retirement age. You can change this information to see what impact
it has. Visit the MyView Retirement Planner here.
A guide to the MyView Retirement Planner can be found here.
Investment options
Information on the investment options available through the Scheme
can be found here.
Fund factsheets, which provide information on
the Scheme's investment funds, are available
here:
Joining the Scheme
If you would like to join the Scheme, please
contact the Pensions Office by email at Pensions.Helpdesk@thomascook.com or
by writing to: The Pensions Office, Thomas Cook Business Park,
17 Coningsby Road, Peterborough, PE3 8SB, or using the Pensions
Helpline: 01733 416 717.
As a Thomas Cook employee you are entitled
to a lump sum death benefit from the Company. It is important that you complete
an Expression of Wish form to nominate
who you would like to receive any lump sum death benefit if you die while employed
by the Company. You should keep your Expression of Wish form up to date to
reflect any changes in your circumstances, such as if you get married,
divorced or have
children. An Expression of Wish form can be found here.
For employees of Travel and Financial Services
Ltd
Following the recent communication dated
7 October 2011, please find a Questions and Answers document here.
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