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Benefit Statement 2018/19 Please email marketing@nowpensions.com. Terms and Conditions apply.

Jl01099 0202228 011413

Mr. S<Name>
Burciu
34 Jameson Sreet Your annual Benefit Statement tells you:
<Address 1>
Wolverhampton 1 > How much money you already have in your
<Address
WV6 0NS 2>
<Address 3> pension savings
<Postcode> 30/03/2057,
2 > How much money you could have on <Date>,
when you plan to retire
Important - only to be opened by the addressee 3 > What you could do to save more money
Important - only to be opened by the addressee
for retirement.
Employee reference: <Employee reference>
Employee reference: NPLQ004113191719
Employer
Employer reference:
reference: EXTP<Employer reference> To find out more about your Benefit Statement,
Employer name: Extra<Employer
Employer name: Personnelname>
Ltd Pension Scheme visit nowpensions.com/benefit-statement

1 > How much money you already have in your pension savings:

<£00,000>
£79.28 <£00,000>
£52.85 £0.00
<£00,000> <£00,000>
£129.32
Money you’ve saved
since you joined
+ Money added
Money
your
added by
youremployer
employer
by
and
+ Money you’ve
transferred in
= Total amount of
money in your
the Scheme <£00,000>
and from
-£2.81 from from other pension pension savings on
investments
investments schemes 31st March 2019

This year Money in

You have saved into your pension < +/- £00,000>
£79.28

Your employer has added £52.85

< +/- £00,000>
Additional voluntary contributions £0.00
< + £00,000>

Our charges -£7.50

<£1.50 x months>
You’ve transferred money in from another pension scheme < +/- £00,000>
£0.00

Adjustments
Total (Find out more below) To your contributions < +/- £00,000>
£124.63
To the charges you’ve paid < +/- £00,000>
Adjustments (Find out more below) To your contributions £0.00
Total < +/- £00,000>
To the charges you've paid -£4.50

Costs and charges What is the ‘adjustment’ for?

As a member of the NOW: Pensions Trust (‘the Scheme’) you pay two
different charges. You pay a monthly administration charge of £1.50,
which covers the cost of running the Scheme. You also pay an annual
investment charge of 0.3% of the fund, which covers the cost
of investing your money.
Find out more about the cost, charges and illustration that apply to the
Scheme and how they might affect the value of your pension savings,
over time.
You can also find out how we invest your money.
Transferring your money
If you asked us to transfer your money to another pension scheme
on 31st March, we would have transferred <+ £00,000>.
£129.32.
We had some administrative issues that affected some members’
accounts. So, we’ve checked all members’ accounts to make sure
everything is correct. If you’re affected, we’ve now brought your
account back up to date. You can find out more about adjustments
on our website.
Visit nowpensions.com/benefit-statement to get more
information about:
• How money goes in and out of your pension savings
• How to transfer money in from another pension scheme
• How our investment funds work. Our Statement of Investment
Principles is available here.

64351839_EXTP_BURCIU Mr. S Burciu

34 Jameson Sreet

Wolverhampton
NPLQ004113191719 | 1
WV6 0NS
00011413 00000001 129.32 NPLQ004113191719 EXTP SY320416A 64351839 FIRST N stefanburciu.sb@gmail.com
 2 > How much money
How much money you
youcould
couldhave
haveon
on<Date>,
30/03/2057,
whenwhen you to
you plan plan to retire:
retire:

Your pension You can use the money in your pension That income
savings could savings in several ways. We’re only showing could be worth
be worth you what you might get if you turned it into
an income for life – also called an annuity. <£000>
£16.00
<£00,000>
£876.00 a year

Why do we talk about what your pension and income could • The funds will have the following growth rates:
be ‘worth’? • Diversified Growth Fund = 5.5% per year
• Retirement Countdown Fund Series I = 2.5% per year
The answer is inflation. This is a general increase in prices, over time, • Retirement Countdown Fund Series II = 2.5% per year
and fall in the value of what your money can buy. We have shown you • Your pension will not increase
what we estimate your pension savings might buy you when you plan • Your pension will not include a Spouse’s/Civil Partner’s pension
to retire. This is for illustration purposes only. • The pension payable depends on investment performance and the cost
of buying an income, which may differ from the assumptions
The estimate of your future pension is calculated on a basis required
• Figures shown apply costs and charges as they are today.
by legislation called a Statutory Money Purchase Illustration.
It shows the amount of pension that might be payable when We also made some other assumptions – for example, how we invest
you retire. This is shown in today’s prices. your money, how inflation affects what your pension savings are
worth and how you turn them into an income when you plan to
We worked your estimate out on 31st March 2019. Much can happen
retire. What actually happens will be different from what we’ve
between then and when you use your money. So to work your figures
assumed. So these figures don’t come with a guarantee. We can’t
out, we had to make some assumptions.
promise this is the actual amount of money you, or anyone else who
We assumed that: benefits from your pension, will get. You could get more or less than
• Values and unit prices in this statement are correct as at 31st March 2019. this amount. These figures are a guide to help you plan. All figures
Any contributions received after this date are not included shown here are estimates in today’s money.
• Inflation will be 2.5% per year to your selected retirement date
Find out more at nowpensions.com/benefit-statement

3 > What you could do to save more money for retirement

Before you make any decisions, it’s worth thinking about how much Give your money more time to grow
money you’re likely to need when you retire. You’ll find information You don’t have to use your money on the date you plan to retire.
to help you do this at plsa.co.uk. Remember, you may get an income You could leave it invested. Leaving it to grow for longer could
from other places – for example, most people get the State Pension. mean you have more money when you take it.
Save more money into your pension – so it’s worth more when you Find out more about increasing the amount you save for
come to take it. To find out more, visit our website. retirement.

Find out more about pensions and how you can use your You can also email us at membersupport@nowpensions.com or write
pension savings. to us at NOW: Pensions, St James’s Tower, 7 Charlotte Street, Manchester
M1 4DZ. Please quote your National Insurance number, your full
If you want to know more about pensions, how we look after your
name and employee reference number in any correspondence.
money and your retirement options visit our website. You can also
get guidance from Pension Wise, a free service from the government. Don’t get scammed out of your pension
Call them on 0800 138 3944. or visit pensionwise.gov.uk. Pension scams are on the increase. Every day criminals use
sophisticated ways to con pension savers out of their money.
This Statement points you to information on our website. Visit More information about the threat of pension scams can be
nowpensions.com/benefit-statement and you will have all the found at moneyandpensionsservice.org.uk
information you need. If you can’t access the site, call us on or thepensionsregulator.gov.uk/pension-scams.
0330 100 3334 from 9.00am to 5.00pm. Monday to Friday.
Calls may be recorded and monitored for quality purposes. When Data protection
you call, please quote your employee reference number, your full name We take data protection very seriously. Our General Data
and National Insurance number. This will help us to help you faster. Protection Regulation (GDPR) compliant policy is available at:
nowpensions.com/privacy-policy

This Statement is for illustrative purposes only; it is not a legal document and confers no right to the benefits, which are
subject to the Trust Deed and Rules of the NOW: Pensions Trust.
Information correct as at October 2019 | NP/L0002/10/2019 Company registration number: 07766398. VAT number:
125511643. Registered in England and Wales. Registered office: 2nd Floor, 25 Christopher Street, London EC2A 2BS.

64351839_EXTP_BURCIU Mr. S Burciu

34 Jameson Sreet

Wolverhampton
NPLQ004113191719 | 2
WV6 0NS
00011413 00000002 129.32 NPLQ004113191719 EXTP SY320416A 64351839 CONT N stefanburciu.sb@gmail.com