Spectrum
Finance

Planning & retirement

Help build a secure future with a range of benefits to help grow wealth for retirement, and add an extra boost by linking personal performance to company success. Also ensure your wishes are honoured by controlling how your assets and personal decisions are handled if you’re ever unable to act yourself. Together, they support long‑term financial health, peace of mind, and the ability to protect what matters most.

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Pension Plan
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BNP Paribas automatically contributes a significant percent of your pensionable salary into your pension regardless of your own contribution. We also additional contributions which are free from tax and National Insurance. These are deducted direct from your basic salary with a discount, subsidised by the BNP Paribas to encourage you to save for retirement.

You can also have the opportunity to reduce BNP Paribas’ contributions to your pension in exchange for cash. You can reduce this down to a minimum of 0%. This additional amount is subject to tax and National insurance.

Learn more on Spectrum

Pension microsite

Will Writing
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Having a will can minimise difficulties for your loved ones and avoid lengthy legal proceedings at the time of bereavement. It can also ensure your estate and / or children will be looked after by the person(s) of your choosing, and help reduce inheritance tax. The will writing benefit, offered through James McKenzie Ltd, offers two levels of service which are both available to your partner. There are two levels which you can choose:

  • Standard covers the appointment of executors, trustees and guardians, the distribution of your estate through the provision of legacies and residual gifts, simple trusts for minor children, funeral requests and generic Inheritance Tax advice.
  • Advanced includes all elements of the Standard option but with the inclusion of more in-depth trust arrangements, giving you greater control of what happens to your assets after your death.

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Workplace savings
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Fidelity has collaborated with BNP Paribas to make investing for your future easy, so you can feel confident and optimistic about all your finances. The Workplace Savings ISA is designed to sit alongside your workplace pension so you can do more to improve your overall financial wellness.

The Workplace Savings ISA gives you access to a stocks & shares ISA, Lifetime ISA and/or an Investment Account with payment directly from your net pay from BNP Paribas. They are easy to set up, easy to start investing, earn extra savings and easy to access.

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Lasting Power of Attorney (LPA)
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Lasting Power of Attorney (LPA) can ensure the right individual has the legal authority to look after specific aspects of your financial affairs, health or welfare should you lose mental or physical capacity to do so. LPAs are designed specifically to be recognised by financial institutions, care homes and local authorities, as well as tax, benefits and pension authorities.

The LPA service covers the appointment of your primary and replacement attorneys, the appointment of the James McKenzie Ltd consultant as your Certificate Provider (adding an additional layer of protection in the event of any potential challenge in the future), and in most instances, the notification to your close family members or friends of your intention to set up and register the LPA . The process of registering the LPAs with the Office of Public Guardian (OPG) is also included, although additional fees are payable directly to the OPG on registration.

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Shared Incentive Plan
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BNP Paribas operates a UK Share Incentive Plan (SIP) allowing you to purchase shares in the Bank with tax and National Insurance savings . The plan is discretionary with full details and conditions provided to all staff at the time of operation

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