You can find information here about the BASF UK Group Pension Scheme for all members - including current employees (active members), former employees (deferred members) and those receiving a pension (pensioners). Use the links below to navigate to the appropriate page. New or existing employees looking to join the Scheme can find the forms they need towards the bottom of this page.
Pension Scams
There's been an increase in pension scams over recent years so it's important you're aware of the dangers associated with them. The earliest age you can draw your pension from an occupational pension scheme (like the BASF Scheme) is 55 under current UK legislation. Scams often involve offering members the opportunity to access their pension savings prior to age 55. These alternative arrangements are sometimes presented as pension 'loans', but ultimately they end up leaving individuals with a very high administration fee and tax bill from Her Majesty's Revenue and Customs ("HMRC") which can be more than half the value of their pension fund. Please be vigilant if you receive such an approach, or indeed any unsolicited approach regarding your pension and read the information provided by the Pensions Regulator from the link below. We also recommend that you consult a professional advisor, such as an independent financial advisor, before taking any action.
Your online pension account. See the Pension Portal Factsheet for more information.