Matching contributions
The Company will double-match your contribution – up to a maximum of 5% from you and 10% from the Company.
Leonardo thinks of pension saving as a partnership between the Company and its employees. Because of this, FuturePlanner works using the ‘double-matching’ principle, which means the higher your contribution, the more the Company will pay.
Two-for-one
The double-matching rate is two-for-one on your contributions up to a maximum of 5% of your pensionable salary. You can pay in more than 5% if you wish, but anything above 5% will be counted as Additional Voluntary Contributions (AVCs), which are not matched.
The table shows how this works:
| Your contribution (%) |
Company contribution (%) |
Total paid into your Retirement Account (%) |
| 1 |
2 |
3 |
| 2 |
4 |
6 |
| 3 |
6 |
9 |
| 4 |
8 |
12 |
| 5 |
10 |
15 |
| 6+ |
10 |
16+ |
Pensionable salary is your basic salary. All other earnings are non-pensionable unless the Company has specifically advised you differently in writing.