OMERS Pension Guide

NEW MEMBER’S INSTRUCTION FORM OMERS WorkPlace Pension Plan (the “ Plan ”)

Please complete this form if you wish to change your election and return to our Advisers JMA - corporate@jmurray.co.uk

Your Full Name:

___________________________________________

Employee number:

__________________________________________

SECTION A - I wish to amend my current Salary Exchange amount - ☐ YES or

☐ NO

➢ I would like to exchange _____ % of my Basic Salary (minimum 5% applies).

➢ I understand that my Employer will match my contribution up to 10%, subject to the capped employer

allowance of £30,000.

➢ This will apply from the next available payroll.

➢ I understand that my gross salary will reduce by ____ %. This amount will be invested as a pension

contribution on my behalf, by my Employer in addition to their contribution and NI enhancement.

SECTION B - I wish to opt-out of paying contributions via Salary Exchange - ☐ YES or

☐ NO

➢ I understand that by opting out of Salary Exchange, I willnot benefit from National Insurance contribution

savings.

➢ I understand that if I opt-out of Salary Exchange, but later change my mind, I will not be entitled to claim the

lost National Insurance savings and that I cannot opt back in until the next enrolment period.

➢ I authorise my Employer to deduct my personal contributions from my salary each month and submit

them to Aviva. My personal contributions will be deducted from my Net Pay.

➢ I understand that it is my responsibility to reclaim any higher rate tax relief due to me, directly from HMRC.

SECTION C: - I wish to change my selected retirement age - ☐ YES

or

☐ NO

➢ I understand that the Scheme Retirement Age is 65 by default. However, I require my plan to be written to a Retirement Age of _________ (Please note the minimum age is 55, rising to 57 in 2028. The maximum retirement age is 75.)