The Macquarie Retirement Savings Plan
A new home for your defined contribution pension savings
This information hub has been designed to help you plan ahead for your future retirement and get the most out of your new pension account in the Macquarie Retirement Savings Plan. Fidelity will send you a welcome pack in April with details of your new pension account but you can get a sneak peek of what to expect below. You’ll find interactive tools and on demand videos, along with transition timelines and answers to common questions.
A range of ways to invest
As part of your workplace pension, you have access to Invest@Work – so you can invest in the accounts offered by Fidelity Personal Investing, with a discount on the usual service fee.
Invest@Work gives you access to a range of accounts to save in other ways, separately, and in addition to your workplace pension.
These additional ways to save are not replacements for the Macquarie Retirement Savings Plan.
Remember that your workplace pension, which you and your employer contribute to and invest in a carefully selected range funds, is a core provision by your employer for your future retirement.
Important information - please keep in mind that the value of investments can go down as well as up, so you may get back less than you invest. Tax treatment depends on individual circumstances and all tax rules may change in the future.
As an existing Fidelity customer, Invest@Work offers a discounted service fee on:
- Individual Savings Accounts (ISA)
- Lifetime ISA*
- Investment Accounts (IA)
Whether using tax beneficial accounts or a general Investment Account, you can access over 5,000 investments.
When you invest via payroll we’ll reduce our service fee all the way to zero (0.0%). Or invest directly from your bank account and benefit from a discounted rate of 0.30% (typically 0.35%). T&Cs apply. Dealing and ongoing investment fees still apply.
Please read the Getting Started Guide where you’ll find the employer reference code to activate your reduced service fee and the employer code required to automate the Employer Compliance Reporting.
For more information and when you’re ready to open an account, visit www.fidelity.co.uk/iaw-zero-ecr.
If you are contributing by payroll, you’ll be able to make and edit your contribution elections via MyBenefits, once your account has been created. Please note all contributions will be made from your net salary. Elections and changes will be effective from the first of the following month.
* Important Information: Eligibility to invest in a Lifetime ISA and tax treatment depends on individual circumstances and all tax rules may change in the future. You cannot normally access money within a Lifetime ISA unless you are buying your first home, or from age 60. Other withdrawals may incur a 25% government withdrawal charge, so you may get back less than you put in. A Lifetime ISA is not a replacement for a workplace pension. If you save into a Lifetime ISA instead of enrolling into or contributing to a workplace pension, you could lose the benefit of employer contributions. The value of your Lifetime ISA could affect any current or future entitlement to means tested benefits. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser.