Contribution options

Your contribution options

When you join the Centrica Savings Plan, you will pay a minimum amount set by Centrica. You can usually pay as much as you like above the minimum set by Centrica - up to the Government-defined payment limits. Contributions above the government limits will result in a tax charge.

And remember, when you pay more, Centrica may pay more into your Plan too, as shown below.

The amount Centrica will pay is based on which section of the Plan you are a member of - find out more about the sections that are available below. You can check MyPension Hub to see which section you're a member of or eligible to join.

Please note that Standard Life is not the provider of the Life cover referred to on this page. If you have any questions about this Life cover, please contact your employer.

 

How much will you pay?

Find out more about the contributions you and Centrica will pay:,

Centrica Gateway (for new employees and people about to start working for Centrica)

MyPension Hub (Workday - External Benefits)

Or you can contact Centrica People Services.

 

 

What will I get back?

"Are you going to have enough in your pension to give you the retirement you'd like?"

Change your contributions

Keep up to date with your contributions and find out how you can change the amount that you're paying.

 Remember

Your pension is normally a long term investment and you usually can't withdraw money until the age of 55 (may be subject to change). As with any investment, the value can go down as well as up and may be worth less than what was paid in.

Important documents

To help you make an informed decision we've provided you with important information that you should read. You should print or save copies of these documents for future reference.

Read this guide for more information about the Centrica Savings Plan. 

Centrica Savings Plan booklet (PDF, 1MB)

Please update your beneficiaries for your lump sum death benefit payment online via MyPension Hub (Workday - External Benefits).

If you have left employment with Centrica please complete this form to nominate beneficiaries.

Expression of wish for payment of the Lump Sum Death Benefit  (PDF, 86KB)

Read this guide, provided by the Trustee of the Centrica Savings Plan, if you are thinking about buying an annuity. Standard Life is not responsible for the content.

The Open Market Annuity Service Limited  (PDF, 146KB)

The Trustee of the Centrica Savings Plan has provided a newsletter for its members. Standard Life is not responsible for the content.

infocus - Centrica Savings Plan newsletter (PDF, 750KB)

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