Enhance: Construction Pension Scene, Northern Ireland

Enhance

Members

Scheme Charges

Enhance Construction Pension Scheme is run on a not-for-profit basis, however, the Scheme does need to cover the costs of managing your pension fund.

Enhance members

There is an Annual Management Charge (AMC) of 0.75% deducted from your total pension fund each year. For example: if your fund is worth £1,000 this means that the AMC for that year would be £7.50.  The Trustees review the charging structure on a regular basis.

Enhance members who transferred from Workers Pension Trust

There is an Annual Management Charge (AMC) of 0.3% deducted from your total pension fund each year. For example: if your fund is worth £4,800 this means that the AMC for that year would be £14.40.

A contribution charge is deducted on each contribution going into the pension fund. This is 1.8%. For example: £20 is added to the fund each month. The contribution charge would then be £0.36 per month or a total of £4.32 per year.