What do your employees get?

What do your employees get?

There are many advantages to encouraging your workforce to save for their retirement. Here are some of the ways that they’ll be able to start benefitting from our workplace pension scheme

Tax relief from the government

A major benefit of saving for a pension is that the Government tops up pension savings with 20% tax relief. So, for every 80p that your employee puts into their pension, the Government tops up their fund with 20p of tax relief, boosting it to a total of £1.

And, if any of your employees pay tax at more than the basic rate, they can claim more tax relief through their annual self-assessment tax return.

Please note, any tax benefits are subject to change, interpretation and depend on the individuals circumstances.

Online tools

Easy online management through MyAviva

Your employees can monitor and make changes to their pension plan through their MyAviva account. It allows them to check the latest value of their pension, view documents, change where their money is invested, and use our tools to get an estimate of how much they’ll have when they retire.

My Aviva also provides calculators and tools for your employees to help with financial planning. These tools allow them to assess their budget and see how any adjustments to their savings could affect their retirement income.

They can also use their account to manage any other Aviva products that they might have.

Investment options and independent governance

Investment options to suit different employees

For those who prefer not to make many financial decisions, they can stick with the scheme’s good quality default investment approach, designed by our pension experts.

More confident investors are able to choose from our range of over 200 funds from top investment houses including Jupiter, Invesco Perpetual and Aberdeen. Our fund range also includes a number of ethical funds.

The value of investments is not guaranteed. It can go up and down and you could get back less than you paid in.

More about the investment options available.

Capped annual fund charges

In line with government guidelines, our workplace pensions have a maximum annual fund charge of just 0.75%. This means your employees will never have to pay more than 0.75% in charges (unless they choose to do so by investing in more expensive funds).Learn more about charges.

Learn more about charges

Independent governance

An independent governance committee has been established to challenge Aviva regarding the value for money we provide to members of contract-based workplace pensions. The majority of the committee, including the chair, are independent of Aviva and their main role is to carry out an assessment and make their findings publicly available.

Additional benefits

A dedicated UK helpdesk if they need a hand

If your employees have any questions about their pension, they can contact our dedicated UK-based helpdesk for support - by calling us on 0845 900 0817.

Easy to understand guides and statements

Whenever an employee joins your scheme they’ll receive a welcome pack with information about their pension. This explains how their pension works and what investment options they’ll have. It will include terms and conditions, a key features document and details of their investment options. They can also pay a visit to our Pension Essentials website, which includes tips on how to make the most of their pension.

Scheme members will receive a pension statement annually by post. This gives an up-to-date valuation of their pension plan, explains what charges they’re paying, and provides an estimate of how much money they could have when they retire.

Access to discounts and offers through Aviva Advantages

Once an employee joins your scheme, they’ll have access to Aviva Advantages. Here, they’ll find a range of rewards and money-saving offers on personal Aviva products (such as car or home insurance), and discounts and offers from our many partners. This includes money off MOTs, holidays, supermarket shopping and much more.

What investment options will my workforce get?

Find out more about our workplace pensions default investment approach and the wide range of funds savvier investors will have to choose from.

More about investment options