Welcome to Baxi Pensions

At Baxi Heating, we put our people first

That’s why we’re passionate about helping you plan for your future through our dedicated Pension Scheme, which lets us work together to help you achieve your retirement goals.

Contributions

How much money you pay depends on what your plans are in retirement, how much you can afford to contribute, and when you wish to retire. What’s great about Baxi’s Pension Scheme is that you can choose how much to contribute, and the Company will contribute a sum of double that amount, up to a certain limit. The maximum Company contribution is 8%, so if you pay 4%, the Company pays 8%.

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Investment

Your contributions and the Company’s contributions are then placed into investment funds designed to grow your Retirement Account. Baxi’s Pension Scheme allows you to decide how your Retirement Account is invested from a range of options selected by the Trustee, giving you a say when it comes to setting, and meeting, your own personal retirement goals.

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Retirement

When you choose to retire, your Retirement Account can be used to provide one, or a combination of the following benefits: a pension, a cash lump sum, or a drawdown pension arrangement. Which of these options is right for you will depend on your personal objectives in retirement, as well as whether or not you will have any other form of income available to you.

You also have access to Buck’s online portal and pension modeller at www.mybaxipension.co.uk. The portal allows you to update your personal details, switch investments and model different pension option.

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