What you need to know about pensions, and how IMI can help you to save
You and IMI both pay towards your future, so it’s an easier way to save than with a normal savings account.
When you finish working, it is good to know that you will be comfortable financially. Start now to make that dream a reality.
Saving into the Mercer Master Trust means that your family will have some security if the worst should happen to you.
Your account builds up from contributions from you and IMI, and investment returns, so how much money you will have when you retire depends on:
how much you and IMI put in; and
how your investments perform.
As a member of the MMT, you will receive a pension statement each year, which will give you an idea of how much your account will be worth at your Target Retirement Age (the age you are planning to retire).
You can use the on track calculator to get an idea of how much your savings could grow to by the time you retire.On track calculator
The younger you are when you start saving, the easier and cheaper it will be in the long run. The money you and IMI pay in is invested, and any investment returns are then re-invested. This means that the investment returns your account earns over a long period really help your retirement savings to grow.
Also bear in mind that the longer you contribute for, the more money you will build up, so working for longer is one way to build up more money.
When you want to take your retirement savings, you will have options about how you take them, which will also affect how much you will get. See Retirement options to read more.Join the MMT