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Your retirement journey starts here

Welcome to BOC

To join the RS Plan

Fill out a Joiner Form and send it to BOC Pensions team.

Download a Joiner form (editable)

Find out more

Understand what choices you have as a new joiner of the Company and/or the RS Plan.

Download a New Joiner guide

More on investments

Read more about investments, the choices you have and the effect they could have on your pension.

Download Your guide to investments

What is the BOC Retirement Savings Plan?

The BOC Retirement Savings Plan (the RS Plan) is the open defined contribution plan for all employees since 1 July 2003.

As a new BOC employee, the RS Plan is your way of saving for retirement.

The way the RS Plan works is simple: you and the Company contribute into your RS Plan Account. You choose where to invest your Account and then you decide how you want to use it when you retire.

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How does the RS Plan work?

The RS Plan is made up of two sections: the Auto-Enrolment (AE) section and the RS 3, 4, 5% section. As a member of the RS Plan, you pay a percentage of your salary into your Account each time you are paid – and so does BOC.

You contribute The Company contributes Total contributions
AE Section 5% 3% 8%
RS 3, 4, 5%
Section
3%
4%
5%
6.7%
8.7%
10.7%
9.7%
12.7%
15.7%
If you are an AE member you could be getting more for your money.

Hannah

Hannah earns £24,000/yr. She is in the AE section, and contributes 5% into her RS Plan Account.

Hannah
contributes

5%

This will cost her

£68/month*

+3%

from the
company

£160/month

Into her account

Gavin

Gavin also earns £24,000/yr. He pays 2% less in the RS 3, 4, 5% section, but gets more into his RS Plan Account overall.

Gavin
contributes

3%

This will cost him

£40.80/month*

+6.7%

from the
company

£194/month

Into his account

*This assumes they are in Salary Exchange, so make tax and National Insurance savings.

In Salary Exchange:

Your salary is reduced by the value of your contributions.

Contributions are then made by the Company on your behalf.

The reduction to your salary means you pay less National Insurance.

To find out more, read the Salary Exchange factsheet. Previously opted out of Salary Exchange and would like to opt in again? Simply complete a Salary Exchange opt-in form.

info point section indicator

Complete a Joiner form to join the RS 3, 4, 5% section and benefit from increased Company contributions.

To join the RS Plan

Fill out a Joiner Form and send it to BOC Pensions team.

Download a Joiner form (editable)

Find out more

Understand what choices you have as a new joiner of the Company and/or the RS Plan.

Download a New Joiner guide

More on investments

Read more about investments, the choices you have and the effect they could have on your pension.

Download Your guide to investments

Any questions?

If you have a question please contact us:

In writing

BOC Pension Services
The Priestley Centre
10 Priestley Road
The Surrey Research Park
Guildford
Surrey
GU2 7XY

By phone

0800 096 3214

Available:
08:30 - 16:30 Monday to Thursday
08:30 - 16:00 Friday
(except public holidays)

After hours you can leave a message on the helpline.

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