Group Personal Pension

Your Prudential Group Personal Pension is a collection of personal pension plans set up through your employer and provided by us. It's a tax-efficient way for you to save for your retirement.

Average life expectancy is increasing so saving in a pension is a prudent way of helping to fund the lifestyle you want in retirement.

To find out about your group personal pension plan read our key features and call us on 0845 075 2244 (Mon-Fri 8.30am-6pm), or speak with your employer.

Why save in a group personal pension?

• *Tax relief - subject to HMRC limits, for every £80 you invest in your pension, the government will pay an extra £20, while higher rate taxpayers can claim back a further £20 - see our tax relief calculator or read about the tax benefits of saving in a pension. You are also allowed to take up to 25% of your fund as tax-free cash when you retire. Note that the pension you receive is taxed as earned income.

Take action

• Read about the key features

To ask about starting a Group Personal Pension, call us on:

0845 075 2244

Mon-Fri 8.30am-6pm

• Email us at gpp@prudential-pensions.co.uk
• Speak to your financial adviser
• For more general guidance, see our pension guide


You can also speak to your employer to find out more, including information on your fund options.
• Affordable - there are no minimum or maximum payments (although there are limits on the amount on which you can receive tax relief).
• Employer contributions - both you and your employer can contribute to your plan. See the benefits of employer contributions.
• Flexible - you can stop, start or vary your payments without penalty although charges will continue to be deducted. Note that if you decrease or stop payments, this will impact on your benefits at retirement.
• Range of funds - your pension contributions can be invested in a range of funds, although the funds actually available to you may depend on the scheme you join. Bear in mind that the value of your investment may go down as well as up and you may not get back your original investment.

*This is based on our understanding, as at February 2011, of current taxation, legislation and HM Revenue & Customs practice, all of which is liable to change without notice. The impact of taxation (and any tax relief) depends on individual circumstances.