Welcome! Defined Contribution Section KIMBERLY-CLARK INVESTING IN YOUR FUTURE We’re delighted that you have decided to join Kimberly-Clark and we hope you have a long and happy working life with us. And, when you decide it’s time to stop working, we want you to also have a long and happy ‘non-working’ life, too. This leaflet introduces to you to our pension scheme. It’s a good one, with generous Company contributions to help you save for your future, and valuable death-in-service benefits for peace of mind. You’ll need to consider a few things before you make any choices, like: • how much you’ll need to live on in retirement • what you can afford to put away now for the future, and • how you want to invest your money in the meantime. This leaflet should help you figure out some of these important decisions and how our pension scheme can help. So please read it carefully to understand just what our pension scheme offers you.
6
Embed
Welcome! [mykcpension.equiniti.com] · Equity Index overseas company shares provide growth over the long term, in line overseas shares 0.10 Currency Hedged Global Equity index (50%
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Welcome!
Defined Contribution Section
KIMBERLY-CL ARK
INVESTING IN YOUR FUTURE
DC Scheme
DB Scheme
Combined
KIMBERLY-CL ARK
INVESTING IN YOUR FUTURE
KIMBERLY-CL ARK
INVESTING IN YOUR FUTURE
We’re delighted that you have decided to join Kimberly-Clark and we hope you have a long and happy working life with us. And, when you decide it’s time to stop working, we want you to also have a long and happy ‘non-working’ life, too.
This leaflet introduces to you to our pension
scheme. It’s a good one, with generous Company
contributions to help you save for your future,
and valuable death-in-service benefits for peace
of mind.
You’ll need to consider a few things before you
make any choices, like:
• how much you’ll need to live on in retirement
• what you can afford to put away now for the
future, and
• how you want to invest your money in the meantime.
This leaflet should help you figure out some of these important decisions and how our pension scheme can help. So please read it carefully to understand just what our pension scheme offers you.
Whatever you pay,
Kimberly-Clark pays more
Tax relief means that
every £1 you pay into the pension wil l only cost
you 80p (or less)
You can choose to pay (% of eligible earnings)
K-C pays (% of eligible earnings)
Total going into your pension (% of eligible earnings)
3 4 7
3.5 5 8.5
4 6 10
4.5 7 11.5
5 8 13
5.5 9 14.5
6 10 16
6.5 11 17.5
7 12 19
You choose how much you want to contribute to your pension and Kimberly-Clark will more than match this amount, up to 12% of eligible earnings. The table below shows your choices, and what Kimberly-Clark will also pay:
Contributions
SMART Pension For most members, contributions (including Additional Contributions) are automatically paid through
SMART Pension. This is a way of paying your pension contributions that means you end up paying less
National Insurance, which helps your money go even further. SMART Pension is a ‘salary sacrifice’
arrangement run by the Company.
By using SMART Pension, you don’t pay contributions. Instead, you agree to give up part of your basic
salary. In return, the Company will pay an amount equal to your pension contributions into the Scheme,
as well as its own contributions. By paying contributions in this way, both you and the Company pay less
National Insurance, and your take-home pay will be higher.
You can opt out of SMART Pension if you want. We will automatically take you out of SMART Pension if it
takes your eligible earnings below the Lower Earnings Limit (currently £5,824 a year), which means you
could potentially be worse off.
To find out more about SMART Pension, take a look at the member booklet:
InvestmentsContributions to the Scheme are paid into an individual pension account set up for you, and the money is invested, with aim of making your pension savings grow more quickly.
A great thing about the Scheme is that you can choose how to invest your contributions. The pension
savings you have available when you retire will depend on how much your account grows over the years,
based on the performance of your investments.
A range of investment funds is available so you can choose how to invest your account. There are two
different approaches, depending on whether you prefer to make your own investment decisions (Self-
select) or whether you prefer a more ‘hands-off’ approach (Lifecycle). First, decide which strategy you
think suits you. You can choose either Self-select or Lifecycle, not a mix. But you can change your
investments choices at any time during your working life.
LifecycleLifecycle provides a ready-made mix of funds, which automatically changes as you near retirement
(normally age 65). It is pre-programmed to reduce your investment in more volatile funds (such as equities)
in favour of less volatile funds (such as bonds and cash) to help protect the value of your account in the
years leading up to your retirement.
Self-selectWith Self-select, you take control. You decide which of the nine funds to invest in, how much of your account to invest in each fund and when to change how your account is invested. The important thing is that you need to review your account regularly – for instance, you should consider less risky funds as you get near to retirement. Choosing the Self-select option is not a one-off decision.
On the next 2 pages, we have provided a quick overview of the funds that are available to you. If you would like to know more about the investment funds, then please contact Rochelle Baker (contact details on the last page).