Introduction

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The subject of pensions has always been complicated and the aim of this booklet is - by use of diagrams and examples - to give a clear understanding of the main features of the Westpac Banking Corporation UK Staff Superannuation Scheme (the ‘Scheme’) as they currently apply.

This booklet section applies to members of the Money Purchase Section.

It is important that you understand the benefits you are entitled to under the Scheme. The booklet also briefly describes the main benefits provided by the State Pension Scheme. When planning for retirement you should take both your Scheme and State Pension Scheme benefits into account.

If you have any queries, either about the Scheme generally, or about your own entitlement to benefits, please do not hesitate to contact Capita.

NOTES

1. This booklet is a basic guide to the Scheme and the benefits provided by the Scheme. In the event that there is a conflict between the Scheme benefits as described in this booklet and the actual terms of the Trust Deed and Rules (as amended from time to time) which governs the Scheme, the Trust Deed and Rules will apply and will determine your entitlement to benefits. A copy of the Trust Deed and Rules is available for inspection if required.
2. "Bank" throughout this booklet means Westpac Banking Corporation or any other company which is a participating employer in the Scheme.