Leaving benefits

If you leave the Plan early, you and Lafarge will stop contributions. The benefits you receive will depend upon the length of your service in PensionBuilderplus.

If you joined the Plan before the 1 October 2015

If you have less than three months’ pensionable service

There will be no benefit payable unless you have opted out of PenXchange, in which case you will receive a refund of your own contributions less tax, currently at 20%.

If you have between three months’ and two years’ pensionable service

You will receive the option to transfer the full value of your personal investment account to an registered pension arrangement of your choice. If opted out of PenXchange, you will receive the additional option of a net refund of your own contributions.

If you have between two years' service when you leave Lafarge pensionable service

You can leave your personal Investment account invested in PensionBuilderplus until your retirement or you can ask for the full value of your personal investment account be transferred to another registered pension scheme.*

If you joined the Plan after 1 October 2015

If you have less than thirty day' pensionable service

There will be no benefit payable unless you have opted out of PenXchange, in which case you will receive a refund of your own contributions less tax, currently at 20%.

If you have over thirty days' service when you leave Lafarge

You can leave your personal investment account invested in PensionBuilderplus until your retirement or you can ask that the full value of your personal investment account be transferred to another registered pension scheme.*

*If you have less than five years service, the Trustee reserves the right to transfer your personal investment account to another registered pension scheme chosen by the Trustee.