This video is part of our series of sessions on building up your pensions knowledge.
This half-hour video will aim to clear the fog around pensions and debunk some common myths we (at the Money Matters Team) often hear.
By the end of the session you will have a fundamental understanding of your Unilever pension, which will help you with your Pension and Reward choices later this year.
The video covers the basics of:
- Why pensions are important;
- Defined Benefit (DB) and Defined Contribution (DC) pension schemes;
- How the DB Career Average plan works (for those who joined Unilever before 1 October 2021;
- How the DC Investing plan and Retirement Savings Plan work;
- How the State Pension works.
Please note that this video was recorded in February 2022 and is based on tax allowances at that time.