With the Vodafone Pension Plan, we – you and Vodafone – prepare together for your retirement. Every month, you make a small contribution and Vodafone adds double that amount on top.
If that were not enough, you can pay in additional contributions to prepare for the future even more, all on a flexible and fully voluntary basis.
If you are unable to work, you are entitled to a monthly disability pension. If you pass away, your surviving dependents will receive a death benefit – both of which are entirely financed by Vodafone alone.
What do I need to do?
You automatically participate in the Vodafone Pension Plan. Your base contribution is 0.5 per cent of your gross monthly base salary (including supplements and, for commission earners, 50 per cent of your target commission) up to the income threshold. In return, Vodafone gives you double the amount of your contribution, i.e. one per cent.
Please check the automatic setting for your contributions in your pension account.
You probably already know that the state pension is usually not enough to maintain your standard of living during retirement. This is why the Vodafone Pension Plan gives you the option to prepare even more – you can pay additional, voluntary contributions into your pension account on top of the base contribution financed by you and Vodafone jointly. The process is simple.
You have a choice: sacrifice part of your gross base salary (including supplements and, for commission recipients, 50 per cent of your target commission) every month, or make one-time payments into your pension account. The Vodafone Pension Plan offers many attractive options for you to contribute a little extra by yourself.
You can use the portal to enter the voluntary contributions that you wish to make and the amount of your salary that you wish to sacrifice.
‘Preparing together’ is the basic principle behind our company pension plan. As such, Vodafone rewards your participation by matching your base contribution and doubling it. If you have earnings above the income threshold and wish to sacrifice part of them voluntarily, we also match and double these contributions.
Furthermore, we protect you for the worst-case scenario with risk coverage. Should you become unable to work due to a disability or pass away, Vodafone will look after you and your surviving dependents with an additional risk benefit. You do not contribute a cent to this, as Vodafone finances this risk benefit entirely by itself.