Thinking of taking your Unilever pension in the next 12 months? Find out what steps to take, using the Retirement Roadmap.

Overview

This section is aimed at employees of Unilever who are active members of the Unilever UK Pension Fund (referred to throughout as the "Fund"). The aim of this section is to give you enough information to make the best decisions for you in the Fund.

Don't forget that the Unilever UK Pension Fund website is full of useful information about the Fund (www.uukpf.co.uk).

Every year you have the opportunity to make choices about your pension with Unilever - for example, the contribution rate you wish to pay into the Investing Plan. This is called “annual renewal”. The annual renewal pack sent to you in July each year will give you information about your choices and the forms you need to fill in if you would like to make any changes to your choices.

If you are employed by Unilever at 30th September 2021 there are two sections of the Unilever UK Pension Fund (UUKPF) that you can build up benefits in from 1st October 2021:

  • The DB Career Average plan
  • The DC Investing plan
  • Or both!

You do not have to be a member of the DB Career Average Plan to save into the DC Investing Plan (and vice versa).

Prior to 1st October 2021 you could build up benefits in the Career average plan and have an optional "top-up" Investing Plan. You could not save into the Investing Plan without also building up benefits at the same time in the Career average plan.

The DB Career Average plan

You can find out more information on the DB Career Average plan on the dedicated learning pathway.

You can get more information on the DB Career Average plan from the Unilever UK Pension Fund website:

Please note that benefits built up in the Career Average plan before 1st October 2021 built up in a different way.

Disclaimer

We are not Independent Financial Advisers (IFAs) and nothing on this website should be construed as independent financial advice. If you feel you would benefit from speaking to an IFA about your personal circumstances, you can find more information here.