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.

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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.

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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:

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.

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Dangers of Pension Scams

Pensions & Taxation

There's a limit to how much you can build up in your pension in a tax efficient way each year (the Annual Allowance) and over your lifetime (the Lifetime Allowance).

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.