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United Kingdom
BASF UK Pensions

BASF UK Pensions

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.

Whats New

  1. 1
    Pensions Newsletter - Oct 2021
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    Defined Contribution (DC) benefits
    Forms, factsheets and Member Guides
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    Investing your DC Account
    Fund Factsheets, Investment Guide and link to the Pension Portal.
  1. 1
    Getting Ready for Retirement
    Pre-retirement workshops, taking financial advice and some short videos.
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    Defined Benefit (DB) Members
    Information for members with deferred DB benefits and members receiving a DB pension can be found here.

Joining the Scheme

If you are joining the Scheme, please refer to the New Joiner Leaflet below.  More information can be found in the Member Guides and Factsheets on the DC pages.  The forms below should also be completed:  
  1. This video may help you make your contribution and investment choices so we would recommend viewing this before completing the relevant forms below.
  2. New Joiner Leaflet
  3. Joining the Scheme and Pension Salary Sacrifice Form
  4. Investment Instruction Form
  5. Expression of Wish Form

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 on the right.  We also recommend that you consult a professional advisor, such as an independent financial advisor, before taking any action.

Do I have defined contribution (DC) benefits or a defined benefit (DB)?

Your annual benefit statement will confirm the details of your own benefits.  Some members have DC benefits, some have DB and some have both.  If you are unsure of your own benefits, please contact the Scheme Administrator, Buck on 0330 123 0647.

Buck (Scheme Administrators)
BASF, Buck (Bristol), PO Box 319, Mitcheldean, GL14 9BF
+44 330 123 0647 (9am-5pm Mon-Fri)
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    The Pension Portal
    Your online pension account. See the Pension Portal Factsheet for more information.
  2. 2
    The Pension Portal Factsheet
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    Pension Scams - Beware
    Money Helper information on how to avoid pension scams.
  4. 4
    General Data Privacy Regulation Notice
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    General Data Privacy Regulation Policy
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    Implementation Statement