Unilever UK Pension Fund - Career average plan

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Paying into the plan

This section of the website explains how much you pay into the plan and how contributions cost you less because of tax relief. It also explains how the Unilever Contribution Arrangement works and how you can make extra contributions to add to your benefits.

Contributions

Your contributions are 5% of your pensionable earnings between two levels. At 1 April 2010, the lower level is set at £5,032 and the higher level is set at £39,737.

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Adjusting for part time

If you work part time, your contributions are adjusted to reflect this.

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Paying extra

You have the option to make extra contributions to add to your benefits. These extra contributions go into an account for you in the Investing plan.

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Paying for extra life cover

The standard life cover cash sum payable if you die in pensionable service is three times your pensionable earnings (ignoring the two levels). If you can confirm you are in good health, you can choose to pay more into the plan towards extra cover, up to a total of eight times your pensionable earnings.

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