DIY Guide to Saving for your Future

The aim of this DIY Guide to Saving for Your Future is to help you think and look ahead to when you want to stop working and retire, and also consider where your income will come from.

Watch our short video

Let's Get Started


The DIY Guide to saving for your future leaflet and presentation

Understanding the BasicsKPS-MP
The Kingfisher Pension Scheme – Money Purchase Section

The Kingfisher Pension Scheme – Final Salary Section

Linked KPS-FS and KPS-MP Pension
Benefits within both the Final Salary and Money Purchase sections of the Kingfisher Pension Scheme.

Net income
The amount you receive after tax.

Ill health
Poor health or disability which, in the Trustee’s opinion, permanently prevents you from performing any employment whatsoever.

Benefit statement or retirement illustration
Details of your pension entitlement payable on retirement.

Assumed growth rate
How payments or investment increase over time. State Pension Forecast
Details of your State Pension entitlement payable from the State.

Basic State Pension
The flat rate (not earnings related) state pension paid to all who have met the minimum NI contribution requirements, their spouses, subject to certain conditions, and widow(er)s.

Additional Pension or State Second Pension or SERPS
The earnings related element of the state pension scheme to enhance the basic state pension.

State Pension Age
The age from which your State Pension becomes payable.