This section tells you everything you need to know about joining the Baptist Pension Scheme

Retirement might seem like it’s a long way off, but if you want to be sure that you have saved enough to let you live comfortably, then the earlier you start thinking about it, the better. Even though you may be entitled to a state pension and other benefits, these are not likely to be enough to give you the standard of living you are hoping for in retirement.

The Baptist Pension Scheme (BPS) is one way of saving towards a better retirement income. It is not the only way. Some people choose to invest in property or shares alone or to save cash in the bank, but a pension may have significant tax advantages and you get the benefit of contributions paid by your employer.

As a general rule, the earlier you start contributing to a pension scheme, the better the pension you will get on retirement because your savings have more time to grow, although, you should be aware that the value of your investments can go down as well as up over time.

We recommend that you seek independent financial advice if you are unsure about joining or the financial implications