Pension
Saving now for a better future, with plenty of support & rewards on offer via provider Smart Pension
Klimatec pays 5% plus additional National Insurance savings into a company pension for all employees, unless you opt-out.
We highly recommend saving now for the future, by either keeping the 5%, or, where you can, increasing it to build cash for when you’re ready & able to retire.
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Klimatec pays in 5% of your basic salary into a pension every month.
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Klimatec is part of the Salary Sacrifice Scheme, which means we also pay 50% of the National Insurance saving that the company makes because of your pension contribution.
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Yes. You can change the percentage you pay from your basic salary by logging into the app or website hub and adjusting the amount. You can reduce or increase. You can also opt-out completely, but be aware, this would also opt you out of the Klimatec contribution too.
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Yes, via Smart Pension themselves. We as an employer are not allowed to provide financial advice but we recommend you speak to a representative at Smart Pension, with contact details & links accessible from the hub & app.
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Saving for the future can be scary. It’s hard to know how much savings you will need to live comfortably when you retire. State Pensions are paid from age 68 currently, so if you are looking to retire earlier you will need to ensure you have a private pension(s) to help pay your way. We recommend speaking to Smart Pensions who can advise on the best course of action for your personal situation.
Klimatec’s pension fund is provided by Smart Pension, who offer all employees free advice & support, as well as a large number of rewards for members. All employees should have a login set up for them to access their pension, accessible via a dedicated website hub & smartphone app. The hub/app is a great way to see how much you have saved to-date, how much you are on track to save over the next 5, 10, 15+ years etc plus includes links to plenty of helpful resources.
Employees can make use of Smart Pension’s financial planning tools & saving for the future advice articles via the hub. Employees can also change the amount of contribution they make as an individual within the hub/app & combine multiple pensions so everything is in one easy-to-access place. Employees can choose to opt-out of the scheme but you would also opt-out of Klimatec’s contribution as we cannot meet auto-enrolment requirements by ourselves.