CAPF DC is a defined contribution scheme. You build up a pension pot which you use to provide an income and/or a lump sum.
Your pot is invested and it goes up or down based on how much is paid in and how well the investments perform.
Bite-size guides to your pension
Find out everything you need to know about your pension
Find out the main highlights
Discover how you can invest your pot
Understand what you can do with your pension
Know your options when you leave
See what will pass on to your loved ones
Helping you find financial advice and our partnership with Ecclesiastical Financial Advisory Services
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Planning for the future and for your retirement, can feel difficult. But the earlier you do it, the easier it is.
Plan for your tomorrow
My membership
You have your own, individual pension pit with Legal & General. The NCIs pay into your pension every month. Here is what they pay:
- Age under 30 - 8%
- Age 30 to 39 - 10%
- Age 40 to 49 - 11%
- Age 50 to 59 - 13%
- Age 60+ - 15%
Can I save more?
You can boost your pension by saving Additional Voluntary Contributions (AVCs). We treat your AVCs in exactly the same way as your usual contributions.
If you are thinking of saving AVCs, first decide how much you would like to save. There are two ways you can save.
Monthly through your salary
This way, your AVCs are taken from your salary before tax. You can start, stop, increase or decrease your AVCs whenever you like. You can start paying, or change your AVCs on PensionsOnline.
One-off lump sum payment
You can save one-off lump sums. To do this, fill out this form and send this to us.
Anything you save into your pension is tax-free up to a limit. As you will have paid tax on the money you send us you can claim tax relief by filling out a self-assessment tax return.
My investment choices
Journeys
Journeys are designed to invest your pension pot in a way that suits how you might take it. They put your savings in a wide mix of higher risk assets which can help your pot grow. As you move through your working life it automatically moves your savings into a more balanced spread of assets, so it is more stable over the longer term.
If you don’t want to make an investment decision, we will put you in the Drawdown Journey.
Legal & General take a fee each year to manage your Journey. This is called an Annual Management Charge, or AMC. This is 0.25% a year.
Annuity Journey
If you like the idea of buying a guaranteed income for life when you retire, this Journey lines up your pot ready to buy this.
When you are 10 years from your target retirement date it starts to move your savings into much safer assets so when you reach your target retirement date your pot is lined up ready for you to buy an annuity.
Drawdown Journey
This Journey invests your pension pot assuming you will leave your savings invested during retirement and take an adjustable income, or cash in chunks. When you are 10 years from your target retirement date it moves your savings into a mix of return-seeking assets. The aim is that most of your pot is secure, but it still has a chance to grow some more.
Find out how your Drawdown Journey works by selecting the Journey the 5-year period you expect to retire.
Lifestyle
Lifestyle invests your savings with a view to buying a guaranteed income for life when you retire.
The aim is to make the most return on your money while you are still some way from retirement. Then, as you get closer to retirement your money switches automatically to less risky funds so that by the time you retire. All investments are in the FTSE4Good.
50% is invested in UK Equities
And the other 50% is invested in Overseas Equities
Then your money switches so that 75% is in Index Linked Gilts
And 25% is in Cash
Pick my own investments
If you are confident picking your own investments, we have 10 funds you can choose from. You can pick one or more of these. You might want to pick several funds to spread your risk.
Click on each fund to see its performance page.
Legal & General take a fee each year to manage the investment fund. This is called an Annual Management Charge, or AMC. The charge is in brackets.
Change my investment choice
You can change your investment choice at any time. Before you do, remember your pension is a long-term pot of money. There is no fee to switch your investments, but while your money is being switched there can be transaction costs. We aim to complete switches in 5 days.
Change my investment choice
Change my target retirement date
Most people don’t know exactly when they will take their pension pot. If you don't tell us when you think you'll take your pot, we will pick age 65 for you. If you think you might take your pot before or after this, make sure you update your target retirement date so that we can line your pot up correctly.
Change my retirement dateMy retirement calculators
When you are ready to take your pension, let us know. You will have these four choices. We only offer option four, you will need to move your pension to another provider if you are interested in the first three options.
An income that goes up and down when you need it to
Get a guaranteed income for life - no matter how long you live
Spread your pot over a few years
Take your whole pot in one go - but be careful of tax
If you need help - speak to Pension Wise for free who will give you guidance on your options and how the tax works, but they can’t tell you what you should do.
Speak to PensionWiseMy annual pension statement
Each year we send you a statement which tells you how much is in your pension pot. It also includes information about what you could get when you reach your target retirement date.
When we talk about what your pension pot could be worth in the future, we need to make some assumptions. Find out the assumptions we use in our SMPI guide.
We refer to "costs and charges" in your statement. The "My investment choices" section shows what the costs are as a percentage but it can be really hard to know what this means in pounds and pence per year, and what difference costs can make to your pot over the long term. You can see a few examples of what difference charges can make to your pot in our DC Chair's Statement. We update this each year.
My pension if I leave
If you leave the NCIs before you retire, we'll keep your pot here with us until you decide to take it, transfer it to another provider or you die.
We'll keep in touch with you and send annual updates to let you know how your pot is progressing.
If you move jobs and they have their own pension scheme, or you have a private pension you've set up, you can move your pot into this. Get in touch with us if you would like to do this.
My pension if I die
If you die before or after you retire, we will pay half your pension to your husband, wife or civil partner.
We guarantee your pension for 5 years so if you die within this period, we will pay the remaining payments as a lump sum.
If you die while still working for the NCIs, we will also pay a tax-free lump sum of 4x your salary.
Tell us the person, people or organisations you would like to leave any lump sum to - head to PensionsOnline to add your nomination.
If your circumstances change, remember to update your nomination. To keep this tax-free we have discretion over who receives any lump sum but we'll be guided by your wishes.
Pensions technical area
If you're looking for help with a technical question, and you can't find the answer on this page, check out our technical area. You might find the answer there. If not, get in touch with us and we can help.
Get answers to tricky questionsHow to make a complaint
We make every effort to provide you with an efficient and effective service. However, if you are unhappy with the service you receive, please contact us first and we will do our best to resolve your issue. You can download our complaints procedure here.
If you have a complaint or dispute concerning your workplace or personal pension arrangements, you can also contact the Pensions Ombudsman. If you have general requests for information or guidance head to MoneyHelper.
The Pensions Ombudsman
Tel: 0800 917 4487
Email: [email protected]
Website: www.pensions-ombudsman.org.uk
MoneyHelper
Website: https://www.moneyhelper.org.uk/en/pensions-and-retirement/pension-problems
Contact us
We are here to help. You can contact us by:
Phone: 020 7898 1802 (9am - 5pm, Monday to Friday)
Email: [email protected]