The rules for pensions are changing under the Future Pensions Act (Wtp). Are you planning to change jobs? If so, be sure to carefully review the pension plan at your new employer. It may already have been updated to comply with the Wtp and use a flat contribution rate—the same for everyone, regardless of age. This difference could affect how much pension you’ll accrue in the future. So always make sure to ask your new employer about the details of their pension plan.

Because existing pensions at SPIN are not transferred to the new pension plan, there is no transfer bonus. This means you cannot lose out on it if you switch to a different job.