The Cheviot Pension

Introducing Cheviot

• The Cheviot trust is a not for profit organisation established in 1930.
• Cheviot has won awards including Best DC Plan Design and Best Report and Accounts and has been shortlisted for awards for governance and communications.
• It is managed by a Board of Trustees. The Trustees come from different firms and backgrounds and are there to look after your interests.
• They represent both employers and members to make sure that your Cheviot pension is well run, your money is thoughtfully invested and investment performance is regularly reviewed and monitored.
• Day to day administration is provided by a team working from Cheviot’s Southend offices.

The Cheviot Pension

• The Cheviot pension is a money purchase or defined contribution arrangement that is registered with HMRC and benefits from tax advantages under current legislation.
• Your employer may be using it as their workplace pension for auto-enrolment.
• Contributions from you and your employer are invested and provide pensions savings for when you retire.
• Some members have historic With Profits benefits which are managed separately in the With Profits Section of the Cheviot pension.

Warning

If you do not pay tax (earning less than £12,500 in 2019/20 tax year), the Cheviot pension may not be an appropriate scheme for you, as you will not benefit from tax relief on your contributions

The information on this page is provided in good faith but is not legal or financial advice or binding on the Trustee. The trust deed and rules will override in the event of any inconsistency.

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