How you can tackle the rising cost of living

Saving for your future, even when the present is looking a bit uncertain, is a wise move.

2023 has been a difficult year for investments. Many stocks and shares have gone down in price over the last 12 months, and you may have seen your pension savings dip a bit as a result.

While it may be tempting to stop contributing to your pension when prices fall, the smart thing to do is to keep investing. Low prices mean you can buy more ‘units’ for the same money and, when the prices recover, your savings should grow.

To learn more about pensions and saving in general, visit MoneyHelper, a free government-backed website with lots of useful information and tips to help you.

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How much could your savings be worth in the future?

Log in to your online pension account today to see your savings as well as a projection of what you could have in the future.

The benefits of the DHL Plan:

You’re saving on all that tax – If you’re an active member paying into your pension, some of the money that would have gone to the government as tax is going towards your pension instead – boosting your savings in the long run.
Things will cost more in the future – By keeping your money invested in a pension and letting it grow, you give your money a chance to keep up.
Company matching – If you’re employed by DHL and you pay into the Plan, DHL will pay in too.
The Plan provides valuable death benefits to you and your family.

How are your pension savings invested?

Your pension savings are invested to help them grow over the long-term. The investment options available to you have been designed to support you on retirement journey, wherever you may be.

Take a few minutes to look at your investment options. Do you know if you’re invested in Lifestyle or Freestyle?

Remember, Lifestyle is automatic: it manages your investments for you, according to your age. It aims to grow their value when you are younger and automatically moves them into more stable funds in the lead up to your retirement. This is done with the aim of protecting their value.
Freestyle is manual: if you prefer to be in control, it lets you choose your own investment funds which you manage and change when you want over time. There are eleven Freestyle funds to choose from and this requires active management from you.

You can check your investment strategy when you log in to your online Pension account.