Defined Contribution (DC) benefits

This page is for members who have a DC Account in the BASF UK Group Pension Scheme. That includes the following types of members:

All members of the BPP DC Section and Group DC Section
Members of the BPP Hybrid Section who have earned DC benefits from 1 January 2007
Members of the Group DB Section or BPP Hybrid Section who have Additional Voluntary Contributions (AVCs) invested in a DC Account (but excluding AVCs paid to an external provider such as Prudential, Equitable Life and Phoenix Life).

Forms

1

Contribution Changes and AVCs outside Pension Salary Sacrifice
Change your contribution rate (outside Pension Salary Sacrifice)
2

Change your DC investments

You should change your investments on the Pension Portal - it's quick, flexible and there are no charges (paper forms are no longer in use). See the ePA factsheet for more information.
3

Contribute redundancy or other one-off payments
4

Investment Instruction for commencement of AVCs
5

Nomination Form for benefits if you die

Paper nomination forms are no longer used by the Scheme. Please review and update your nominated beneficiaries on the Pension Portal - your online pension account. See the Pension Portal factsheet for further information.
6

Nomination form for Group Section members before 01.06.2009
7

Opt-out of the Scheme
8

Opt out of Pension Salary Sacrifice
9

Pension Salary Sacrifice changes
If you have a 'lifestyle event' you can change your Pension Salary Sacrifice contributions here.
10

Scheme Pays
(If your pension savings are above the Annual Allowance)
11

Transfer-in other pension benefits

Factsheets

1

Accessing your DC Pension Savings
(Factsheet 4)
2

Complaints Procedure
(Factsheet 17)
3

DC Investment Fund - Latest Charges
(Factsheet 22)
4

Pensions and Divorce

(Factsheet 1)
5

The Pension Portal

(Factsheet 25) Your online pension account.
6

Frequently Asked Questions - Transferring out
(Factsheet 27)
7

Flexible Retirement
(Factsheet 19) You can take your pension benefits and carry on working for BASF
8

Leaving the Scheme
(Factsheet 14)
9

Pension Salary Sacrifice Contribution changes
(Factsheet 23) You can change your Pension Salary Sacrifice contribution rate on Ingenuity, each March.
10

Pension Salary Sacrifice NIC Savings Guide
(Factsheet 11)
11

Pension Salary Sacrifice
(Factsheet 10) How Pension Salary Sacrifice works
12

Planning for Retirement
(Factsheet 2)
13

Scheme Pays
(Factsheet 20) For members who incur an Annual Allowance tax charge
14

Transfer-in other pension benefits
(Factsheet 9)
15

Transferring-out DB Benefits to access a flexible income (drawdown)
(Factsheet 28)
16

Using your DC Account to buy a Guaranteed Income (Annuity)
(Factsheet 6)
17

Using your DC Account to provide a Flexible Income
(Factsheet 8)
18

Using your DC Account to target Cash
(Factsheet 7)
19

Your DC Pension Estimate
(Factsheet 21)

Member Guides

1

Booklet 1 - Getting Started
This booklet includes: Why it's important to start a pension. How the Scheme works. Being a member. Contributions. Pension Salary Sacrifice
2

Booklet 2 - Your benefits in detail
This booklet includes: Benefits when you retire. If you die in service. Benefits on leaving. If you become ill. State benefits.
3

Investment Guide
This booklet includes: Types of investments and risk. Your investment options. How LifePlan & FreePlan work.

Supplementary Guides

Supplementary Guides provide additional details for members who joined the DC Section with modified terms:

If you would like a copy of any previous member guides, please contact the BASF Pension Team on 0161 488 5659

Quick Links

Short Videos

Chair's Statement

Here's a summary of how the DC Section of the BASF UK Group Pension Scheme meets its governance requirements, covering the period 01/01/2019 to 31/12/2019.

Chair's Statement