Your ZCashBuilder benefits

Being a member of ZCashBuilder gives you the opportunity to build benefits for your financial future and also provides peace of mind for you and your family with valuable death benefits.

ZCashBuilder is:

a defined contribution (DC) or money purchase pension arrangement
a non-contributory scheme which means Zurich will pay the contribution even if you choose not to save anything yourself

Contributions paid by you, and Zurich as your employer, are invested in the funds you choose and the benefits you receive at retirement will depend on things like:

the amount of contributions paid by you and Zurich
investment performance
costs and charges
the age at which you take your retirement savings

We believe it is important that you have access to information about your retirement savings so you will find lots of information on this website. By logging in, you can:

check your fund value
check where you are invested
change where your future and/or current contributions are invested
change your Target Retirement Age
see how much pension you may get at retirement
complete your Nomination form so the Trustee knows who you would like to receive any death benefits
update your personal details so we can always get in touch with you

Manage your pension online

It can seem difficult to save for a retirement that is many years away, particularly when there are other, more immediate financial pressures. But the earlier you start saving, the more time you have to get investment returns and to benefit from these returns building up (compounding) over time.

This is your money and your retirement savings, so don't just forget about it. Even if you check in on it once a year to:

remind yourself where you are invested. Are your current investment funds right for you?
find out how much your retirement savings are
run a retirement projection - see how much you are projected to have at retirement and if it is still on track for your plans. You can also put in different contribution levels and retirement ages to see the difference it makes.

Your TRA is the age, specified by you, at which you are aiming to take your ZCashBuilder benefits. It is particular important if you are invested in one of the lifestyle strategies.

A lifestyle strategy is designed to reduce the investment risk automatically as you approach your Target Retirement Age. It is up to you when to take your benefits but in order to start reducing the investment risk at the right time we need to target a specific age.

If you haven't set your own TRA then we are probably using your State Pension Age, which is likely to be 67 or 68 years. You can log in to the website and change this.

The earliest age most people can access their pension benefits is the Normal Minimum Pension Age (NMPA) and this is currently age 55. The Government is increasing the NMPA from 55 to 57 from 6 April 2028 and here’s how this change may affect you:

Born on or before 6 April 1971 - you won’t be impacted, as you’ll already be 57 by 6 April 2028
Born after 6 April 1971 and before 6 April 1973 - you’ll have a window between your 55th birthday and 5 April 2028 to take your savings; otherwise, you’ll need to wait until you turn 57*
Born on or after 6 April 1973 - you’ll generally need to wait until you’re 57 to access your savings.*

*Exceptions may apply, such as if you’re retiring due to ill health or have a protected pension age.

The fund, or funds, you choose each come with a charge to cover the costs of managing the investments and administering the Scheme. Each fund has an individual charge which is shown as a percentage of your total investment.

For example, if you had £10,000 invested in Z Growth Fund with a charge of 0.295% you would pay £29.50 per year in charges.

You can find out more about the charges you pay, and how these can impact your fund value over time in the Chair's Statement in the Library under Scheme Documents.

Check out the glossary

We all know that pension terms can be confusing (even for us). So check out the glossary which translates well-used ‘pension-speak’ into plain English.

Your Pension - Your Future