BOC Pension Scheme (the Scheme)
You are currently building up pension in the Scheme
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Pension and contribution calculator
Use this tool to see how much pension you could have by retirement, and how much it costs to save.Use the calculator
What is the Scheme?
The BOC Pension Scheme is a defined benefit (DB) pension arrangement through which you save for your retirement. A DB pension arrangement is one where your pension is based on your salary, length of service, and a fraction known as an 'accrual rate'. You and the Company pay into your pension while you are an ‘active’ member. When you retire, you get a pension for life and you can also take a cash lump sum.
The Scheme will provide you with a pension and the option to take some tax-free cash from age 55. It also offers other benefits that give you and your dependants some financial security if you die or are too ill to work.
How much do you think you need in retirement?
Saving for your retirement is probably one of the most important investments you'll make during your working life. Let's help you paint a picture of your lifestyle in retirement, and how much retirement income you might need to achieve it. Find out more by using our 'Hitting your Target' quiz.