my pension - Dysonmedia.dyson.com/downloads/careers/careersPension.pdf · of your salary 4% extra, for you contributes 6% your total pension ... a risk profiler questionnaire designed

plan your futurepensionmy


Making sure you have a pension in place is an important part of planning for your future. mydysonpension is your online portal to help you make the most of your pension and take control of your future finances.

Already a pension plan member?

If you are already a member of the Dyson pension plan, you are able to use the mydysonpension portal to help manage your pension plan. You are able to access this through the website, www.mydysonpension.co.uk

You will be able to see the size of your pension fund and use the pension modeller to help plan for your retirement. Through the pension modeller you’re able to use the sliding bars to see how changing your pension contributions and/or your target retirement date will affect your projected retirement income*.

You are also able to add any additional pensions you may have and details of any State Pension that you might be entitled to. This means that the online pension modeller can really help you get a more realistic view of your retirement planning.

Not a pension plan member?

If you’re not a member of the pension plan you can set up a Dyson pension in a few simple steps. The user guide section of this brochure will take you through the setting up process, step by step.

Once you’ve set up your pension you’ll be able to use mydysonpension to manage and review your pension. By logging on, you have access to a wide range of tools and information, to make managing your pension simple.

introduction | my pension | user guide

welcome to mydysonpension

(re)view

*Please note these figures are only a projection and are therefore not guaranteed.


a planned future

2%you contribute

of your salary 4%extra, for you

contributes

6%your

total pension contribution is

X3That triples up your contribution. That simple.

You just payLESS TAXES

TIME

equals

for your fund toMATURE*

£ £ £ £

(re)thinkBecoming a member of the Dyson pension plan means you’re able to get valuable employer contributions to your pension. The table below shows the different levels of contribution available:

Employee contribution

Dyson contribution

Total contribution towards your pension

2 2% 4% 6% 3% 5% 8% 4% 6% 10%


Smart Pension

The Dyson Group Personal Pension also gives you the opportunity to save for your retirement in a tax-efficient way through Smart Pension.

Smart Pension works when you elect to trade some of your basic salary in return for pension contributions of the same value. Your basic salary will be reduced by the value of the pension contributions you elect and these contributions become a benefit that the company funds on your behalf. The advantage of this is that as well as Income Tax savings, you are likely

to also make savings in relation to National Insurance Contributions, which could mean an increase to your take-home pay.

Smart Pension is a change to your terms and conditions with regards to your pay and benefits.

Under the Smart Pension plan, both Dyson pension members and Dyson make National Insurance (NI) savings. Dyson employees keep the savings they make and Dyson also shares 50% of the NI savings it makes and passes this onto employees.

mydysonpension user guide To make it easier for you, this user guide takes you through the different stages of logging on and reviewing your pension. To help you this has been broken down in to three sections:

1. logging on

2. setting the scene

3. arranging your pension

If you need further help please contact the mydysonpension helpdesk, managed by Thomsons Online Benefits on 0203 435 7780 (8.30am to 6.00pm, Monday – Friday excluding Bank Holidays) or email [email protected]

setting the scene

arranging your pension

logging on1

2

3(re)connect

logging on1 Go to www.mydysonpension.co.uk

2 Enter your username and password. You will need to change your password on your first log on for security reasons.

3 Once you have changed your password on your first log on, you need to read and accept the Terms & Conditions. Tick the box to accept and click ‘Next’.

4 On your first log on you will need to read the brief site introduction and click ‘Next’.

5 You are now ready to start making your pension selections.

If you forget your username or password you are able to use ‘Forgotten your username or password’ link to reset these.

introduction | my pension | user guide (re)connect


setting the scenepensions overview

Your pension can now be managed online via the Pensions Overview homepage. You can:

• Setupyourmydysonpension by selecting your contributions and investment funds;

• Addanyadditionalpensionsyou may have;

• AdddetailsofanyStatePensions that you may be entitled to.

introduction | my pension | user guide (re)connect


Set Up Company Pension

arranging your pensionTo set up your pension you simply need to click on the ‘Set Up Your Pension’ link as shown on the previous page. You will then be guided through a number of steps.

step 1 – introduction

(re)connectintroduction | my pension | user guide


arranging your pensionstep 2 – existing pensions

You will be asked if you would like to add any other existing or State Pensions to the pension modeller projections. You can either add this additional information here or just move on to the next step in setting up your mydysonpension. You can also add existing pensions later if you wish.



arranging your pensionstep 3 – investment

The next stage requires you to set up your investment choices. You can either choose the plan default fund or make your own investment selections.

Investment approach 1: The Default FundIf you do not wish to select a fund yourself there is a default fund available (this fund is designed to suit the needs of the ‘average’ member). If you confirm that you want to invest in the default fund by selecting ‘Yes’ and clicking ‘Confirm’ you will then be taken to the ‘Investment: Default Fund’ confirmation page. Once you’ve selected ‘Confirm’ you will then be taken to the Pension Modeller page, see Step 5.

Investment approach 2: Choosing your own investment fund(s)If you decide to choose your own investment fund(s), you will be taken to a risk profiler questionnaire designed to

help you assess your attitude to risk.When completed, click ‘Confirm’ and a new screen will appear providing you with information on your attitude to risk. If the statement applies to you simply click ‘Confirm’. If you feel that the statement does not apply to you and there is another more fitting category, you can change the highlighted button and then click ‘Confirm’. Depending on your attitude to investment risk, you may be asked a further two questions.Once you click ‘Confirm’ the investment options suited to your risk profile will appear and you will be able to make your fund selections.



arranging your pensionstep 4 – fund selection

You can find out more about each fund by clicking on the small blue buttons under the details column, and you can choose to invest in a fund by inserting a percentage of your contribution. You can choose to invest in a range of funds, if you wish, but they must add up to 100%, before you can confirm your selections. Once you are happy with your selected contribution level, click ‘Confirm’ to complete your decision.



arranging your pensionstep 5 – pension modeller

The Pension Modeller will help you to ‘model’ your pension contributions allowing you to see, before you commit, what potential level of income your contributions may provide you with in the future.

Using the sliding bars, you can see how changing your pension contributions and/or your target retirement date will affect your projected retirement income. If you have a target retirement income in mind, the modeller will calculate the contribution level needed to meet your target.



arranging your pensionstep 6 – contributions: Smart Pension agreement

If you have elected Smart Pension contributions, then in order to complete the process you will be prompted to read and agree to your new SmartPensionAgreement.



arranging your pensionstep 7 – confirmation: contributions & investment summary

Finally, you will be asked to review the selections that you have made – you can go back and make changes if you wish. Click ‘Confirm & Set Up Pension’ to complete your pension set up.

Congratulations you have now successfully set up your mydysonpension!

Your Pensions Overview page will now be updated with your pension selections and you can refer back to this at any time.





need more help?Should you have any questions, please contact the mydysonpension helpdesk, managed by Thomsons Online Benefits on 0203 435 7780 (8.30am to 6.00pm, Monday – Friday excluding Bank Holidays) or email [email protected]

Documents

my pension - Dysonmedia.dyson.com/downloads/careers/careersPension.pdf · of your salary 4% extra, for you contributes 6% your total pension ... a risk profiler questionnaire designed