Money Purchase Top Up Section

From 1 April 2012 the Company has paid 'Money Purchase' contributions for each active member of the DB Section whose basic salary (before any Salary Sacrifice) is at least £70,000 per annum (at 1 April in each calendar year).
 
The contributions will be at the rate of 1% of the member’s basic salary (before any Salary Sacrifice) calculated as at 1 April in the relevant calendar year and will be payable monthly in arrears for each complete calendar month of pensionable service. For each period from 1 April to the following 31 March, the member's basic salary, for the purposes of calculating the money purchase contributions, will be fixed as at 1 April regardless of any change to the member’s basic salary during the period up to the following 31 March.
 
It should be noted the rate of money purchase contribution or the basic salary threshold described above may be subject to change in the future.

With effect from 01 November 2021, all Money Purchase Top Up Section contributions will be paid into your Account in the L&G Master Trust www.legalandgeneral.com/workplace/d/deutsche-telekom-uk/