Welcome to the Workday Retirement Savings Plan

With simple navigation to tools and guides, on demand videos, FAQ’s for our most asked questions, and where to find further information, this Information Hub has been designed to help you:

• Plan ahead for your future retirement, even if it’s a long way off
• Access your Workday Retirement Savings Plan account, so you can manage your pension savings

Important information - The performance of your pension savings plan is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. Should your plan have particular tax features, these will depend on your personal circumstances and all pension and tax rules may change in the future.

This website does not contain any personal recommendations for a particular course of action, service or product. If you are unsure of the right approach for you personally, you should speak to an authorised financial adviser. The minimum age you can normally access your pension savings is currently 55, and is due to rise to 57 on 6 April 2028, unless you have a lower protected pension age.

You should regularly review your retirement objectives and choices and, if you are unsure whether the investments in your Plan are suitable for you, you should contact an authorised financial adviser. Please visit ‘Your Investments’ on PlanViewer where you can find important information about your plan investments, charges and risks.

Invest@Work is an investment service from one of the UK’s leading investment companies, Fidelity, that is designed to make the most of investing through your workplace. From May 1^st 2023 you’ll be able to sign up for this service. You can also find information on the Workday Benefits site.

Important information – please remember that the value of investments can go down as well as up, so you may get back less than you invest.

With Invest@Work you can:

• Feel good investing: Invest@Work gives you a way to get your money working harder, so you can improve your financial wellness.
• Feel at ease: You can contribute to Fidelity’s accounts straight from your net salary through our payroll or by investing directly with Fidelity.
• Feel supported: Fidelity has guidance tools designed to help you with your investment decisions and lots of information on its website to help you learn more about investing.
• Feel rewarded: The service gives you an ongoing discount on Fidelity’s usual service fee and the potential for you to receive matching contributions from Workday. You can see how this works in the attached guide.

Read your  Getting Started Guide for all the details on opening an account and Workday’s offer of matching contributions up to a maximum of £50 per month. Matched contributions will be paid into your account on the 1st of the month following your own payroll contributions. Once you have read the guide you will need to head to  http://www.fidelity.co.uk/iaw-lisa to get started. 24 hours after opening your account you need to login to Workday and find an inbox task, where you can select your Invest@Work contributions.

Remember that you need to sign up and select your contributions before the Invest@Work payroll cut-off of the 9th of each month, otherwise it will be paid a month later. For example if you open your account on May 6th and then select contributions in Workday on May 8th your contributions will be paid into your Invest@Work account on June 1st, but a selection made on May 10th will only start from July.

Invest@Work includes three accounts that can help you save for your future. There are detailed guides below, or you can check out their key features in this  comparison table

• A Stocks and Shares ISA that gives you a tax-free way to invest for all sorts of financial goals – from a house deposit to university fees to a dream holiday.
  ISA guide
  ISA FAQs
• A Stocks and Shares Lifetime ISA that is specifically designed to help you save for the deposit on a first home or life in retirement - you don’t pay tax on the interest, dividends or on any growth you achieve - plus, you get an extra 25% top-up from the government on contributions.
  LISA guide
  LISA FAQs
• A General Investment Account that gives a flexible way to save for any goal – and could be particularly useful if you have already used up your yearly ISA and pension allowances.
  GIA guide
  GIA FAQs

Saving for your children

With Fidelity Invest@Work you can also save into a Junior ISA and Junior Self-Invested Personal Pension (JSIPP), and enjoy a 0% service fee on savings for your child’s future. Note that you cannot save into a Junior ISA or Junior SIPP via payroll, however you can do so by saving directly with Fidelity.

Just to note, your employer is not recommending these products or services to you. Please do your own research or take independent financial advice if you’d like some help before starting to invest.

Important information –

Eligibility to invest in an ISA or a Lifetime ISA and tax treatment depends on individual circumstances and all tax rules may change in the future. You cannot normally access money within a Lifetime ISA unless you are buying your first home, or from age 60. Other withdrawals may incur a 25% government withdrawal charge, so you may get back less than you put in. A Lifetime ISA is not a replacement for a workplace pension. If you save into a Lifetime ISA instead of enrolling into or contributing to a workplace pension, you could lose the benefit of employer contributions. The value of your Lifetime ISA could affect any current or future entitlement to means tested benefits. This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser.

This communication is issued by Fidelity in association with your employer. Fidelity (Financial Administration Services Limited) is authorised and regulated by the Financial Conduct Authority. Fidelity, Fidelity International, the Fidelity International logo and F symbol are trademarks of FIL Limited.