The information on this page is designed to help you understand your illustration document. Your illustration gives you an idea of what you might get back from your plan. The projection rates and charges shown on your illustration are reviewed annually.

• We aim to give you an idea of what you might expect to receive at the plan end date if our assumptions about future investment returns are correct. The figures on this page and on your illustration are only an example and are not guaranteed. You could get back less than you invest.
• Your benefits are dependent upon a number of factors. Although not a complete list, these factors include: future contribution levels and external influences such as investment returns, inflation, interest rates and charges.
• On your illustration, we assume your total investment is held for 10 years.
• On your illustration, we assume that any regular payments will continue to be paid for the full length of the term.
• Your illustration includes any payments you’ve indicated you wish to pay. This includes any transfer values you have told us about.
• The information provided on your illustration is based on our understanding of current tax legislation, which may change in the future.
• The figures shown on your illustration make no allowance for inflation. Do not forget that inflation would reduce what you could buy in the future with the amounts shown.

The following growth rates are assumed for each of the Retiready funds:

Please be aware: the figures in the table above are for illustration only. The mid growth rates above are capped at 5.00% in line with current regulatory guidance. They make no allowance for charges, although your illustration will show the effects of these.

The value of an investment can fall as well as rise and is not guaranteed. Investors could get back less than they invested.

• On your illustration, we calculate and apply the specific charges, using the table below, based on the information you’ve given us. Where charges are expressed as a percentage the amount will vary as your plan value changes over time. Service charges are deducted monthly. The service charge is based on the total value of your investments excluding any cash you hold. 

* Included in the unit price. The actual charge will be shown on your illustration, which includes any applicable discounts. This is on top of your other Retiready charges. It includes expenses of up to 0.03% which can vary depending on the day-to-day running costs of the fund, so what you pay could be slightly different.