Allen & Overy Pension Scheme

Regardless of how far away retirement is, you need to start thinking about the standard of living you would like when you retire. The State Pension will give you a basic income, but it's important to consider if this will be enough for you to live comfortably.

The DC Section of the Scheme is a money purchase arrangement - this means that contributions made by you and Allen & Overy are paid into your own personal Retirement Retirement Account in the Scheme. The benefits provided under the DC Section of the Scheme will depend on the amount you have accumulated in your own Retirement Retirement Account (which depends on the contributions made by you and Allen & Overy and the investment returns on them).

There are many benefits to being a member of the DC Section of the Scheme, including:

A low-cost tax efficient way to save for your future;
The option to pay extra towards your pension;
Flexibility - you choose how to invest your Retirement Account;
The option to take a tax-free lump sum when you retire;
The option to retire early;
Employer contributions in addition to any contributions that you choose to pay.

As a member of the DC Section of the Scheme:

You will have an account to which your own and Allen & Overy's contributions will be credited;
Category A members can participate on a non-contributory basis and receive Allen & Overy's Core Contributions only;
Category A members can take advantage of Allen & Overy's Matching Contributions by making Ordinary Contributions;
Category B members can take advantage of Allen & Overy's Matching Contributions by making Ordinary Contributions;
You can choose to make Additional Voluntary Contributions in excess of your Ordinary Contributions (AVCs) but these will not be matched by Allen & Overy;