Using the Explanatory Booklet as a guide, choose which Section of the Plan you wish to join. If you are joining the Money Purchase Section, please ensure that you also read the investment information from Standard Life in order to decide how you would like your pension fund to be invested.
How to apply :
Step 1.
Complete Part A of the Membership Application Form remembering to indicate
which Section of the Plan you
wish to join.
Membership application for employees of Johnson Tiles
Step 2.
Complete an Expression of Wish Form. This allows you to record who you wish to be considered to receive any lump sum benefit on death. If you prefer, this may be submitted in a sealed envelope with your full name and National Insurance number written on the envelope.
Step 3.
If you have chosen to join the Money Purchase Section, please do not forget to complete and Money Purchase Investment Form. Remember that if you do not complete this form, the Trustee will automatically invest your payments in the “Pension Fund Investment Strategy – Balanced II Profile”.
Step 4.
When you have completed the membership forms, please forward them to your personnel Department with your original Birth Certificate and if appropriate your Marriage Certificate. If you have any queries about completing the forms, please refer to your Personnel Department.
Step 5.
You may contribute, or be considering contributing to some other tax approved pension arrangement, in addition to your membership of the Plan, and wish to know if these contributions can be made while a member of the Plan.
The actual rules are complicated, and we would recommend that you seek financial advice. Generally, however, there are maximum limits as to the tax relief you will receive on the total contributions you make to the Plan and to other tax approved pension arrangements. If you wish to contribute to another tax approved pension arrangement while a member of the Plan, you should be able to do so unless your total taxable earnings are well over £100,000 per annum, and provided that the sum of your contributions to the Plan and other tax approved pension arrangements is not more than 100% of your total taxable earnings in the tax year.