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If you're just starting your retirement savings journey with TPT, and you want to know what you can do to make the most of your money, start here.
If you're just starting your retirement savings journey with TPT, and you want to know what you can do to make the most of your money, start here.
If you’re new to saving, watch our short film about how you can make the most of your TPT savings.
You're a member of a Defined Contribution (or DC) pension scheme. There are three key elements to this kind of scheme.
We refer to the money that you and your employer pay in regularly as ‘contributions’. You can increase your contributions if you want to, so that you pay in more every month to help grow your savings. It's all taken directly from your pay.
ContributionsYour contributions are invested in some of the biggest companies, both in the UK and worldwide. That gives your money a chance to grow over the long term so that, hopefully, you have more to work with when you take it from the Scheme.
InvestmentsThe date you choose to take your retirement savings from the Scheme is important, especially as you get closer to it. You can take your savings at any age from 55. We’ll initially set a retirement date for you, but you can change it at any time.
Retirement ageThe amount you pay into the Scheme is key – the more you pay in now, the more you’ll have to enjoy when you come to take your savings.
You can choose to pay more than the minimum if you want to. Remember – you're saving for the long term, so a little now is better than nothing at all.
When you first join your employer, it’s likely you’ll be automatically enrolled into the Scheme. From there, you can make changes to your contributions if you want to.
Find out moreThere are lots of ways that your TPT Scheme can help you take care of your loved ones if something happens to you.
If you’re still making contributions, you might be able to bring your other retirements savings into your TPT Scheme, so all your savings are in one place.
Find out moreEverything's in one place - easier to manage, quicker to make changes
It might save you money – the charges in your TPT Scheme might be lower
More options – there may be different investment or retirement options in your TPT Scheme
If you haven't registered for your Retirement Savings Account yet, click here to find out how you can do it