Once you leave the employment of Fintilect, you will no longer receive contributions from them. You are able to continue making contributions to your Fund at any time, subject to a maximum of £3,600 per year or 100% of your earnings if greater, limited to no more than £60,000 (2023-24).
Your Fund will retain its charging structure (the Annual Management Charge – AMC) both for any amounts that have been transferred-in to your Fund from outside the Scheme whilst at Fintilect Ltd and all regular or single contributions made whilst in the scheme.
This AMC is a highly competitive 0.36% base level (for all in-house Aviva funds) and, unlike some pension schemes, this AMC will remain the same up to retirement.
You are able to continue to invest any amount from £16 monthly (net from your Bank), even if you join another company or Auto-enrolment scheme after leaving the Company.
There are no other additional charges or penalties applied to your Fund upon leaving and you are able to transfer away from Aviva (for example to another Employer Scheme) without penalty, should you wish.
In the event of you leaving Fintilect, please contact Patterson-Mills, your Scheme Advisers, for further information about your options.
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