Paying In

Vodafone is happy to help with your pension: we give you a base monthly contribution based on your income – just like that!

Yet if that were not enough, you can also choose to pay additional contributions into the Vodafone Pension Plan – you decide whether it is a one-time payment or contributions out of your monthly base salary. This means we offer you a flexible system to prepare for your retirement – based entirely on your needs.

Vodafone’s base contribution

The formula:

3% + 16%

Three per cent of your gross monthly base salary up to the income threshold and 16 per cent above the income threshold.

Additional voluntary contributions

You can do even more!

Add monthly contributions or one-time payments to look after your future through salary sacrifice.

The base contribution – a special something from us to you

For your gross monthly base salary below the income threshold, Vodafone pays three per cent of it into your pension every month. For parts of your salary above the income threshold, Vodafone puts 16 per cent into your pension account.

All contributions are securely invested for you and will develop further in line with the investment funds’ performance. The value of your pension will consequently keep growing until you retire – even if you leave Vodafone before then. The contributions that you and Vodafone pay in will remain secure no matter what.

Portal

Additional voluntary contributions – giving your pension a boost

You can make additional voluntary contributions to your company pension from your monthly base salary or through one-time payments. Contributions are tax-free and amounts equivalent to up to four per cent of the income threshold are not subject to social security deductions either. Only when your pension is paid out are there taxes and social security deductions for health and nursing insurance – however, the tax rate is usually lower when you are older.

Taking control of your pension

You can improve your retirement even more with additional voluntary contributions. How much you would like to pay in is entirely up to you. You can change your mind at any time – to whatever suits your life at that point.

Additional monthly contributions

If you decide to make additional monthly contributions, you will forgo a certain percentage of your gross base salary. You can pay up to 80 per cent of your monthly salary into your Vodafone Pension Plan.

One-time payments

Annual one-time payments such as your bonus can also be paid into your company pension – you decide each time before they are given out.

Important: you have to record your decision on the portal in good time before receiving the payment. You will find the deadlines for this below. If you miss a date, you can always decide to make a monthly payment.

Furthermore, you can also make one-time payments into your Vodafone Pension Plan: your severance, for example, if you leave Vodafone before you retire.

Earnings from Vodafone LTI programmes cannot be paid into your pension for tax reasons.

Decide for yourself and stay flexible

The Vodafone Pension Plan gives you lots of room to make your own decisions, with the result that you can flexibly adjust your pension to your needs at any time.

Making your own contributions

Vodafone gives you your base contribution completely automatically – there is nothing you need to do for it.

Do you want to prepare even more for your future and make additional voluntary contributions? You can also set up your own contributions in your personal pension account. There is an option to enter a different amount for each type of voluntary contribution: simply enter your chosen contribution amount and you are done!

Important dates

Please observe the cut-off date for each month when choosing your contributions.

The general rule is that all decisions must be made before your monthly salary is paid or the relevant one-time payments are made. These cut-off dates are generally in the first week of the month – though you can record your decision online on the portal at any time. What does that mean? If you are certain at the beginning of the year that you want your next bonus to be paid into your Vodafone Pension Plan, you can record this decision months in advance.

Cut-off dates for 2024:

  • 03th Januar 2024
  • 03th February 2024
  • 03th March 2024
  • 03th April 2024
  • 03th May 2024
  • 03th June 2024
  • 03th July 2024
  • 05th August 2024
  • 03rd September 2024
  • 03rd October 2024
  • 03rd November 2024
  • 03rd December 2024

Paying into your pension and implications for tax and social security

Your contributions to your Vodafone Pension Plan are funded from your gross pre-tax salary – which means that they reduce the income that is subject to tax.

Your contributions – up to an amount of four per cent of the income threshold – are also free from social security deductions.

Your pension is subject to tax and social security deductions only when it is paid out. However, your tax rate will usually be lower in retirement than during your working life.