Chevron UK Pension Plan Costs and Charges
Chevron UK Pension Plan Costs and Charges
Chevron UK Pension Plan Costs and Charges

Below are the different funds and charges we’ve assumed in our example scenarios. A list of all the funds available in the Plan and their charges can be found in the Chair Statement on the Store.

NameCosts and charges met by members
Default 10.200% - 0.279%
Default 20.350%

The illustrations below show the projected fund values based on certain assumptions before and after charges so the potential impact of charges is clearly shown.

Members should be aware these are simply illustrations, and so the actual fund values and implication of charges for members’ investments may be different if members’ personal details or investment choices differ from those shown or the assumptions are not borne out. For further details, please refer to the DC Chair Statement found the Store section of this website and refer to Appendix 2.

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Example memberYearsBefore chargesAfter charges
New Section Allowance members (youngest member)1£2,700£2,700
3£4,600£4,600
5£6,800£6,800
10£12,500£12,300
15£19,800£19,300
20£28,000£27,100
25£38,000£36,500
30£49,100£46,900
35£58,000£55,100
36£59,200£56,200
Example memberYearsBefore chargesAfter charges
New Section Allowance members (average member)1£25,700£25,600
3£29,000£28,800
5£32,500£32,100
10£42,800£41,700
15£54,200£52,300
20£63,100£60,500
21£64,300£61,600
Example memberYearsBefore chargesAfter charges
New Section 'Over the Cap' members (youngest member)1£5,600£5,600
3£8,600£8,500
5£11,900£11,800
10£20,600£20,200
15£31,600£30,800
20£44,100£42,700
25£59,300£57,000
30£76,200£72,700
35£89,600£85,100
36£91,400£86,800
Example memberYearsBefore chargesAfter charges
New Section 'Over the Cap' members (average member)1£40,500£40,400
3£51,700£51,300
5£65,100£64,300
10£101,700£99,600
15£137,900£134,000
20£154,500£149,700
Example memberYearsBefore chargesAfter charges
DB AVC payers (youngest member)1£10,600£10,600
3£11,900£11,800
5£13,200£13,000
10£16,600£16,200
15£20,200£19,500
20£24,100£23,000
25£28,100£26,600
30£32,500£30,400
35£36,300£33,700
38£37,200£34,400
Example memberYearsBefore chargesAfter charges
DB AVC payers (average member)1£80,900£80,700
3£93,100£92,300
5£105,500£104,100
10£136,400£133,200
14£154,300£149,700
Example memberYearsBefore chargesAfter charges
Deferred New Section member (youngest member)1£400£400
3£400£400
5£400£400
10£500£400
15£500£500
20£500£500
25£500£500
30£600£500
35£600£500
40£600£600
43£600£600
Example memberYearsBefore chargesAfter charges
Deferred New Section member (average member)1£35,400£35,300
3£36,300£36,000
5£37,200£36,600
10£39,400£38,200
15£39,000£37,400
Chevron UK Pension Plan Costs and Charges
When we show figures

When projecting pension savings, we show the value in today’s terms, which means we have already taken into account the impact that inflation may have on the buying power of those pension savings. Some funds may not be expected to grow as much as inflation and so the buying power of those pension savings would be expected to go down over time.

Inflation is assumed to be 2.5% each year.

Values shown are estimates and are not guaranteed.