YOUR GUIDE TO MY CHOICE - HSBC careers site
YOUR GUIDE TO MY CHOICE - HSBC careers site
YOUR GUIDE TO MY CHOICE - HSBC careers site
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12<br />
FInanCe & PROteCtIOn<br />
use the my reward<br />
web<strong>site</strong> to select<br />
your my choice<br />
beneFits. it’s quick<br />
and easy.<br />
RetIReMent SavInGS – dC MeMBeRS<br />
•<br />
•<br />
•<br />
•<br />
do you want to make additional retirement savings through the dCS<br />
or first direct GPP?<br />
do you feel that your provision for retirement is adequate?<br />
When do you plan to retire?<br />
do you know how much income you need for your retirement?<br />
under the improved dCS of the <strong>HSBC</strong> Bank (uK) Pension Scheme, you are no longer<br />
required to contribute to your pension. the <strong>HSBC</strong> Group will make contributions of 8%.<br />
Please note if you are an employee of first direct, the <strong>HSBC</strong> Group will contribute 6%.<br />
You can also choose to make voluntary member contributions via salary sacrifice in 1%<br />
increments of your pensionable salary. the <strong>HSBC</strong> Group will match any contributions you<br />
choose to make up to 5% of your pensionable salary.<br />
If you are a member of the first direct GPP, you can also choose whether to stay in the<br />
GPP, or leave the GPP and join the dCS.
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