Welcome to your Nationwide Group Personal Pension (GPP)
Make the most of saving online with your employer
Nationwide have chosen Aviva to help you make the most of your savings.
The Nationwide Group Personal Pension (GPP) aims to build up a fund that can be used when you retire. It also gives you a tax-efficient way to save, and you will benefit from a regular contribution from your employer.
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.
The following video helps explain the importance of pension saving, and how much income you might need when you retire.
You have a workplace pension with us, but do you know how much you should be saving into it to give you the type of retirement you want?
How do you know how much money you will need when you stop work, and what type of lifestyle that will allow you to have?
To help people picture their future retirement and what that might cost, the Pensions and Lifetime Savings Association, who represent UK pension schemes, has put together the Retirement Living Standards so that you can see how much retirement income you will need.
In all instances of its use and/or publication of the Standards the user must include an acknowledgement that the Standards are the property of and are provided by the Licensor and Loughborough University and describe the Standards as ‘The PLSA/Loughborough University Retirement Living Standards’, except for any changes specifically approved by the Licensor in writing.
The standards are pitched at three lifestyle levels - minimum, moderate and comfortable and show how much you would need a year to pay for those different lifestyles in retirement. All the figures are for 2020 and would include any workplace pensions, private pensions, state pension and savings. The figures on the left in each picture are for a single person and the figures on the right are for a couple. These are net figures, after any income tax.
The standards can be more easily remembered as £12,800-£23,300-£37,300 a year for individuals and
£19,900-£34,000-£54,500 a year for couples and have been based on a basket of goods and services, from food and drink to holidays.
The minimum level covers your basic needs and costs, including your bills. There is also money to spend on leisure activities such as a one-week holiday every year, but at this level you’d have to budget very carefully.
The next level sets the bar higher. With your basics covered, there would be more money to spend on food and clothes and the things you enjoy such as leisure activities.
Moving up the scale, here’s where your budget can really stretch and provide more. You would have more financial freedom to spend on luxuries, such as 3 weeks foreign holiday in Europe every year and replacing your car more often.
Everyone is different, but the attitude you have to saving really matters. The good news is that there are things you can do that could make a difference.
If you want to learn more go to the website shown on the screen. This will also provide information on the assumptions used and you can log in to your online account now to see if you are saving enough for retirement. If you decide you would like to increase your workplace pension contributions please follow the instructions on the screen.
Where are you on your pension journey?
Here's some extra help and support
Helping to understand your pension
The following resources are available to help you get an idea of what your future could look like, and what you can do to make changes now.
Find out what you’ve already got, plan how much you might need - and protect your money from fraudsters for your retirement.
And remember, however busy you may be right now it’s worth taking time out to think about your future while there’s still time to make a difference to it.
FInding lost pensions
Protect yourself from fraud
Responsible investment for the future
Where can I go for financial advice?
You can also use our broad range of tools and resources to help you get to grips with your pension.
Got a question? We are here to help
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Contact your employer
- You can contact Nationwide’s Pension Services team (part of People Services).
- You’ll need to create a Service Request on PeopleCloud Help Desk and select ‘Pensions’ as the category.
Activate your account
Once you've activated your account you'll be able to:
- View your payments, transactions and balances all in one convenient place.
- Set up or amend payments directly from your salary, bank or building society account.
- See what your savings and investment could be worth in the future with our interactive tools.
This site does not provide financial advice. For financial advice please contact your financial adviser. You may be charged for this. If you haven't got a financial adviser and you would like to speak to one you can find one at unbiased.co.uk. The following website(s) may not be regulated by the Financial Conduct Authority and as they are not Aviva sites, Aviva cannot be liable for their content.
Impartial guidance and tools on savings and investments.
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