Pension and benefit choices
Changes you can make before the next Annual Renewal
Annual Renewal is the time of year you tell Unilever how you want to use your Benefits Envelope for the year ahead.
Outside Annual Renewal you can make changes to:
- Fixed-term Extra Voluntary Contributions (EVCs)
- Variable EVCs
- DB Career Average Plan
- DC Investing Plan
Fixed-term Extra Voluntary Contributions (EVCs)
Outside Annual Renewal you can:
- start making fixed-term EVCs
- increase fixed-term EVCs you’re already making
You cannot decrease fixed-term EVCs or stop them altogether.
Download a form to make a change to fixed-term EVCs.
Variable EVCs
Outside Annual Renewal you can:
- make a stand-alone contribution
- start contributing a regular amount
- change the amount of any regular contributions you’re already making, or stop them
Download a form to make a change to variable EVCs.
DB Career Average Plan
Outside Annual Renewal, if you’re building up DB Career Average Plan pension, you can stop.
If you do, you will also stop making any fixed-term EVCs you’ve set up.
If you are not currently building up DB Career Average Plan pension or you stop now, you may be able to start again in future, but not until the next Annual Renewal.
Download a form to stop building up DB Career Average Plan pension.
DC Investing Plan
Outside Annual Renewal you can:
- start saving into the DC Investing Plan (if you are not currently building up DB Career Average Plan pension) – you can save between 11% and 25% of your pensionable earnings from your Benefits Envelope into the DC Investing Plan
- stop saving into it – if you do this, you’ll also stop making any EVCs you’ve set up
- start making EVCs into the DC Investing Plan or increase the amount of any EVCs you’re already making (if you are currently building up pension)
Email the Expert Admin Team to start saving into the DC Investing Plan.
Download a form to stop saving into the DC Investing Plan.
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