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United Kingdom
BASF UK Pensions

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).

  1. 1
    Contribution Changes and AVCs outside Pension Salary Sacrifice
    Change your contribution rate (outside Pension Salary Sacrifice)
  2. 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). 
  3. 3
    Contribute redundancy or other one-off payments
  4. 4
    Investment Instruction for commencement of AVCs
  5. 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. 6
    Nomination form for Group Section members before 01.06.2009
  7. 7
    Opt-out of the Scheme
  8. 8
    Opt out of Pension Salary Sacrifice
  9. 9
    Pension Salary Sacrifice changes
    If you have a 'lifestyle event' you can change your Pension Salary Sacrifice contributions here.
  10. 10
    Scheme Pays
    (If your pension savings are above the Annual Allowance)
  11. 11
    Transfer-in other pension benefits

  1. 1
    Accessing your DC Pension Savings
    (Factsheet 4)
  2. 2
    Complaints Procedure
  3. 3
    Investment Fund - Latest Management Charges
  4. 4
    Frequently Asked Questions - Transferring out
  5. 5
    Flexible Retirement
    (Factsheet 19) You can take your pension benefits and carry on working for BASF
  6. 6
    Leaving the Scheme
  7. 7
    Lifetime Allowance & Annual Allowance
  8. 8
    Pensions and Divorce
  9. 9
    The Pension Portal
  10. 10
    Pensions Advice Allowance
  11. 11
    Pension Salary Sacrifice Contribution changes
    (Factsheet 23) You can change your Pension Salary Sacrifice contribution rate on Ingenuity, each March.
  12. 12
    Pension Salary Sacrifice NIC Savings Guide
    (Factsheet 11)
  13. 13
    Pension Salary Sacrifice
    (Factsheet 10) How Pension Salary Sacrifice works
  14. 14
    Planning for Retirement
  15. 15
    Scheme Pays
    For members who incur an Annual Allowance Tax Charge
  16. 16
    Transfer-in other pension benefits
    (Currently being updated)
  17. 17
    Using your DC Account to buy a Guaranteed Income (Annuity)
    (Factsheet 6)
  18. 18
    Using your DC Account to provide a Flexible Income
    (Factsheet 8)
  19. 19
    Using your DC Account to target Cash
    (Factsheet 7)
  20. 20
    Benefit Statements & SMPI

  1. 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. 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. 3
    Investment Guide
    This booklet includes: Types of investments and risk. Your investment options. How LifePlan & FreePlan work.

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

  1. 1
    Members who joined 1 January 2016 with active BPP Hybrid benefits.
  2. 2
    Members who joined the Group DC Section before 1 June 2009.
  3. 3
    Members who joined 1 April 2012 with active Group DB benefits.
  4. 4
    Members entitled to a Pre-1988 supplement.
  5. 5
    Members entitled to the Knoll Supplement.
  6. 6
    Members entitled to the Sorex Transitional Supplement.

Implementation Statement 

Here is the Implementation Statement for the DC Section of the BASF UK Group Pension Scheme, to meet governance requirements for the period covering 01/01/2020 to 31/12/2020.
DC Implementation Statement

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 01/01/2020 to 31/12/2020.   

 

Chair's Statement

Statement of Investment Principles (SIP)

DC SIP