Learn more about DB benefits
A type of pension scheme where the amount you receive at retirement is worked out based on a formula e.g. based on your earnings and length of service as a member of the scheme. It’s sometimes called a ‘Final Salary’ scheme.
The Plan’s Normal Retirement Age is 65. However you may be able to draw your benefits earlier or later with the consent of the Plan's Trustees. The earliest age from which you can start to take your pension benefits (unless you are retiring due to ill health) is currently 55.
No, membership is voluntary. DB members whose contributory membership was not ended through the closure of the DB section can switch to the Defined Contribution (DC) section, but cannot then re-join the DB section.
Deferred DB members can transfer their benefits to another pension arrangement, but cannot transfer these benefits to the DC section.
The Plan’s actuary calculates the amount the Company needs to contribute to enable the DB section to meet the cost of the benefits for all members.
DB members whose contributory membership was not ended through the closure of the DB section can make Additional Voluntary Contributions (AVCs) to the DB section.
AVCs get the same tax relief as regular contributions making it a tax efficient way to save for your retirement (within HMRC allowances).
OneView is available to members with DB benefits within the Plan. To find out more visit Aptia OneView
Learn more about DC benefits
A type of pension scheme where your own contributions and your employer's contributions are both invested and the proceeds used to buy a pension and/or other benefits at retirement. It’s sometimes called a ‘Money Purchase’ scheme.
The amount of your own and the Company's contributions; investment performance of the funds in which your own and the Company’s contributions have been invested; and the way you choose to take your retirement savings.
If you pay your contributions to your pension account using your Flex Fund on DXC Select, you automatically receive tax relief on what would have been your normal employee contribution. In addition to this income tax relief, you will pay less National Insurance Contributions (NICs). By contributing through Salary Sacrifice, the same total contribution will be paid to your pension account overall and your other earnings-related benefits will not be affected eg the lump sum paid in the event that you die while a contributing member of the Plan.
We have designed your investment options so that you can choose how much control you want to take over your investments, what funds suit the type of investor you are and how the investments fit with when you plan to retire.
The Plan's Normal Retirement Age is 65. However you may be able to draw your benefits earlier or later with the consent of the Plan's Trustees. The earliest age from which you can start to take your pension benefits (unless you are retiring due to ill health) is currently 55. You can continue in the Plan, and in employment with DXC, after you start to draw retirement benefits. However, the annual allowance for retirement savings will reduce
When you retire, you can choose to take your pension account in the way that suits you best. You have a choice of the following options:
You can get more information about the Plan from Willis Towers Watson, the Plan administrators. To find out more visit https://epa.towerswatson.com/accounts/CSC/
You may have deferred benefits from the Plan's DB Section. If you opt to take your DC Section benefits while continuing to work for the Company, you may be required to draw your old DB Section benefits at the same time.
Shortly after joining the Plan,you will be sent details of your user ID and password for you to access your account at https://epa.towerswatson.com/accounts/CSC/
Once you have access, you will be able to access, view and service your account online. This includes a facility to enable you to switch your pension account between the available funds.
What happens when you don't work at DXC anymore
If you leave the Company, you become a Deferred Member, no longer be able to contribute to the Plan.
Please keep us informed of any changes to your personal circumstances such as your address or dependants. It is also important that members with DC pension benefits continue to monitor their investments within the Plan.
Get help with the basics
If you find that you're not happy with an aspect of your pension, please first raise your issue with the scheme administrator.
Members with DB benefits can access their account online at https://aptiaoneview.co.uk/CSCPENSIONS/
Members with DC benefits can access their account online at https://epa.towerswatson.com/accounts/CSC/
If you have forgotten your login details then please contact the administrators at the websites above.
If you are not happy with the way your scheme has dealt with a situation, you can ask the Pensions Ombudsman to look into it for you. They will look at what both parties have to say before deciding how the problem should be resolved.
If they consider the matter outside of their adjudication service, your complaint will be passed to the Ombudsman’s Early Resolution Service, who will look to see if they can help resolve your complaint fairly and informally at an early stage, without the need for formal adjudication.
The Plan also operates an Internal Dispute Resolution Procedure (IDRP) which offers a means for members to raise a formal complaint. Further details on the Plan’s IDRP process can be requested from your administrator or the Plan Secretary.
If you think you need advice or support with your retirement planning, you should consider speaking to a suitably qualified Independent Financial Adviser (IFA).
You can find an IFA local to you at moneyhelper.org.uk
You can also take advantage of the DXC Retirement Service at dxc.gateway2retirement.com
Members with DB benefits can access their account online at https://aptiaoneview.co.uk/CSCPENSIONS/
Members with DC benefits can access their account online at https://epa.towerswatson.com/accounts/CSC/
If you have forgotten your log in details then please contact the administrators at the websites above.
Quick answers for those drawing a pension from the Plan
Yes. Go to the Guides and Forms section on the homepage to learn more.
If you manage your pension online you can log in to your portal to learn more about your pension.
Members with DB benefits can access their account online at https://aptiaoneview.co.uk/CSCPENSIONS/
Members with DC benefits can access their account online at https://epa.towerswatson.com/accounts/CSC/
Some members with DB and DC benefits can access both portals to view the relevant details.
Definitions of some of the words you may come across when you're dealing with your pension
A member of the Plan, currently employed by DXC, making contributions and building up benefits.
Any contributions you choose the make above the standard level of contributions within your pension scheme.
A limit set by the Government on the amount by which your pension benefits and/or pension savings can grow in any one tax year before being subject to tax. The current Annual Allowance is shown on the HM Revenue & Customs website.
An insurance contract that you can enter into at retirement to buy a pension for life (regular guaranteed income) with your Defined Contribution pension savings.
Bank deposits and other money market investments.
DXC and, where appropriate, any company or firm that takes part in the Plan
A bond with a fixed interest rate issued by a company for a fixed period of time.
A member of the Plan, no longer employed by DXC.
A benefit relating to the past service of members of an occupational pension scheme who are no longer active members but have not yet retired. The benefits are payable at retirement or earlier death.
A type of pension scheme where the amount you receive at retirement is worked out based on a formula e.g. based on your earnings and length of service as a member of the scheme. It’s sometimes called a ‘Final Salary’ scheme.
A type of pension scheme where your own contributions and your employer's contributions are both invested and the proceeds used to buy a pension and/or other benefits at retirement. It’s sometimes called a ‘Money Purchase’ scheme.
Can be anyone whom the Trustee considers is wholly or partially dependent on you at the time of your death. Dependants can be adults including unmarried partners with whom you live, or children.
The company within DXC that employs you.
Shares in a company which are bought and sold on a stock exchange. Owning shares makes shareholders part owners of the company in question and usually entitles them to a share of the profits (if any).
See Defined Benefit scheme.
Bonds issued by the UK Government, which have a fixed interest rate. If they are index-linked, the value of the gilts increases each year with inflation, which has the effect of increasing the amount of the interest paid.
A facility that you can enter into at retirement which allows you to keep your pension pot invested as your choose, but you can still have access to it and withdraw money from it over time.
On joining or being automatically enrolled into the DC section, a Member Account will be opened in your name. Yours and the Company’s contributions will be paid into this account.
Your Member Account is invested in funds that reflect how much time you have before retirement. In the early years, the focus is on generating higher returns by investing in a fund with more exposure to equity markets. Then, as you approach retirement, the Lifestyle option becomes more conservative, by gradually moving your Retirement Account to bonds and cash. This happens automatically – there is no need for you to do anything.
This is a limit on how much you can build up in tax-favoured pension savings across all of your pension arrangements (DB and DC) over your lifetime. Find out more about the Lifetime Allowance on the Government's website.
The earliest age from which you can start to take your pension benefits (unless you are retiring due to ill health) is currently 55. It will increase from 55 to 57 on 6 April 2028.
Once you have accessed any of your DC pension savings flexibly you will only receive tax relief on any further contributions to DC arrangements up to £4,000 each year. Any contributions made by you or on your behalf by your employer that exceed this annual amount will be subject to a tax charge.
See Defined Contribution scheme.
The date the Plan Rules say a member would normally retire and start to receive their benefits from the Plan. This is currently your 65th birthday.
The salary used to calculate the standard contributions paid to your Member Account (only for DC). Your Pensionable Salary will be your Basic Salary or a greater amount as agreed between the Company and you.
The time you have been employed by the Company (or another eligible employer) and have been an active member in the Plan.
A person who is currently receiving a pension from a pension scheme.
The Government has announced that the State Pension Age (SPA) will go up for both men and women. Find out find out when you will be able to take your State pension on the Government’s website. This change doesn’t affect when you can start to receive your pension from the Plan, but you may want to bear it in mind when making or reviewing your retirement plans.
The date at which you have told us that you would like to retire, and will be used as the target for the Lifestyle Strategy in the DC Section.