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
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1Defined Contribution (DC) benefitsForms, factsheets and Member Guides
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1Investing your DC AccountFund Factsheets, Investment Guide and link to the Pension Portal.
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1Getting Ready for RetirementPre-retirement workshops, taking financial advice and some short videos.
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1Defined Benefit (DB) MembersInformation for members with deferred DB benefits and members receiving a DB pension can be found here.
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.
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1The Pension PortalYour online pension account. See the Pension Portal Factsheet for more information.
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2Pension Scams - BewareMoney Helper information on how to avoid pension scams.