Welcome to the Boston Scientific Limited Scheme pension

Find information about your pension and investing for your future.

Making the most of online saving with Aviva

Boston Scientific Limited  has chosen Aviva to help you make the most of your savings.

The Scheme pension  has been designed to enable you to build up pension savings that can be used when you retire. It gives you a tax-efficient way to save for your retirement.

It's important to remember that the money invested in your pension is invested in funds. This means your pension savings have the potential to grow over time. However, it also means the value of your pension savings could go down as well as up and may be worth less than the amount paid in.

On joining your company pension scheme and registering for your online account, you can:

 

  • View your transactions and balances all in one convenient place
  • Monitor fund performance, research and change your investments
  • Use interactive tools for help with pension savings and retirement planning
  • Nominate and update your beneficiaries

 

Already a member?

You can manage your pension savings online, with tools to help you plan for the future.

You can register here for your account.

To register you will need your Account number. Your number and pension details will be included in the welcome letter from Aviva. 

 

Joining information

The government is focused on encouraging people to save more for their retirement, so if you:

  • are aged 22 to state pension age
  • are a permanent resident in the UK, and
  • earn more than £10,000* a year

Boston Scientific Limited has to enrol you into a pension scheme that meets the government’s requirements (unless you’re already a member). This is known as auto-enrolment.

We will give you full details about the Boston Scientific Limited scheme and tell you how much you and Boston Scientific Limited will contribute to your pension. The government will also boost any contribution you make.

If you're younger than 22, older than state pension age or earn less than £10,000* a year, you may still be able to join the scheme. Should you be earning under the national minimum wage, you will not be enrolled into the salary sacrifice scheme, and will be enrolled into the non-salary sacrifice scheme. You can obtain further information by viewing the documents available in the Documents page.

*£10,000 is the figure for the 2023/2024 tax year.

 

What happens next?

If you’re not yet a member of the workplace pension scheme, you’ll fall into one of three categories depending on your age and how much you earn. Your employer will provide more information about the category that applies to you.

Step 1

You'll be automatically enrolled into the pension scheme

This means pension contributions will automatically be taken from your salary and you'll also start to receive employer pension contributions.

Step 2

You can opt in

You can choose to opt in; you'll start to pay pension contributions and receive contributions from your employer.

Step 3

You can join

You can choose to join; you'll pay in pension contributions from your salary and start saving towards your retirement, but you won't necessarily receive pension contributions. 

Please read the scheme documents available on the documents page to learn more about where your money will be invested.

What's in it for you?

For a start, automatic enrolment is intended to make it easier for you to invest for your retirement. Rather than you having to take steps to join a pension, most employees will be signed up as a matter of course.

But perhaps the biggest benefit is that if you’re automatically enrolled, your employer will contribute to your pension as well as you.

Whether you are automatically enrolled, or you choose to opt in or join, you will benefit from tax relief from the government on any contribution you make. For every 80p you pay into your pension, the government adds 20p in tax relief, increasing it to a total contribution of £1. So, if you paid £80 into your pension each month, the government would boost it to £100. Your employer may have opted for salary sacrifice, or exchange. This is an arrangement between you and your employer. Please contact your employer for more information.

Please note that tax rules may change and your tax treatment will depend on your personal circumstances. The value of your investments can go down as well as up, and you may get back less than has been invested.

Staying in or opting out - you're in control

If you're auto-enrolled you can opt out if you want to. If you do so within a month, any contributions already paid will be refunded. If you opt out later, this money will stay in your pension.

If you opt out, you will miss out on employer contributions and any tax relief from the government. However, you may be able to change your mind and opt back in.

If you stay opted out, your employer will normally put you back into the pension in around three years. But you can again choose whether to opt out. Remember that the sooner you join, the better your chance of a more comfortable retirement.

Contact us

Got a question? We are here to help

Calls to and from Aviva may be monitored and/or recorded.

Contact Aviva

Phone: 0800 068 1431 

Email: ngpcustomerservices@aviva.com 

Guidance and Advice

This site does not provide financial advice.

MoneyHelper

A good place to start is MoneyHelper, the government-backed free guidance service. The MoneyHelper service won't tell you what you should do, but they'll provide you with information to help you understand your options.

Contact an adviser

For financial advice please contact your financial adviser. You may be charged for this. MoneyHelper can help you find an adviser in your area.

Aviva Financial Advice

Aviva Financial Advice is a trading name of the Aviva Group financial advice firm Succession Financial Management. Call 0800 092 2585 or if you're short on time you can book a call back with one of the team.