The auto-enrolment solution for Northern Ireland
Both Enhance Construction Pension Scheme and Workers Pension Trust are under common administration and governance, with related Trustee Boards and with links to the Joint Council for the Building and Civil Engineering Industry (Northern Ireland).
In light of legislative changes applicable to Master Trusts, the Trustees have taken legal advice and it has been decided to restructure and refine the number of pension arrangements on offer. Based on this advice, a decision was taken to transfer members of Enhance to Workers Pension Trust on the same terms and conditions.
Yes, paying additional contributions allows members to make better provision for their retirement. Members and/or employers may contribute more than the minimum employee percentages required by auto-enrolment. If you are interested in paying additional contributions download and complete the Contribution Change Form and pass it to your employer.
What you need to know about leaving the Scheme
When paying into a pension scheme, you may receive tax relief on contributions. This means that money that would have gone to the government as tax goes into your pension instead. Workers Pension Trust operates a net pay arrangement for tax relief. This means that pension contributions are deducted from pay before tax is calculated.
If you are eligible for tax relief, your employer deducts your contributions from your pay before they deduct tax, giving immediate tax relief. (The tax you'd normally pay to the taxman is invested in your pension instead.)
If your earnings are below the starting rate for income tax (£11,850 2018/19) you do not benefit from the tax relief that a taxpayer would receive. However, this doesn’t affect the amount that is paid into your pension and you will continue to benefit from the money that your employer pays in.
We will write to you in advance of your 65th birthday to provide you with your retirement options. You may however claim your benefits at any time from age 55 whether you leave your employer or not.
There are circumstances when you can take your retirement benefits earlier than age 55 (for example, if you are forced to retire due to ill-health or are terminally ill). Read What are my retirement options for more details.
You will receive a State pension as normal. Your Workers Pension Trust pension is in addition to your State pension.
With Workers Pension Trust you can take your pension with you to your next employer. You can choose who to leave your savings to should you die before you retire by completing the Expression of Wish form.
Free and impartial government guidance can be obtained from Pension Wise.
To help people save more for their retirement, the government requires employers to enrol their employees into a workplace pension scheme (auto-enrolment) if they are not already in a ‘qualifying scheme’.
The government’s aim is to get more people to have another income, on top of the State Pension, when they come to retire. The full basic State Pension in 2018-19 is £125.95 a week.
Members who transferred into Workers Pension Trust from the Enhance - Construction Pension Scheme pay the following minimum contributions:
|From December 2016|
|Employee Tax Relief||1%|
Contributions are kept under review by the Joint Council for the Building & Civil Engineering Industry (Northern Ireland) and are subject to change.
Your employer also pays a weekly contribution towards lump sum death in service cover.