This is the limit on the total payments that can be made in each tax year without incurring a tax charge. It includes payments from the Company and the Government (tax relief), as well as your own. Visit www.gov.uk/tax-on-your-private-pension/annual-allowance for information on the current Annual Allowance limit.

The rate at which your DB benefits are built up under the Scheme’s rules.

A policy purchased with an insurance provider at retirement that provides a series of regular pension payments made until the person receiving the payments dies. The payments may be subject to increases each year and / or continue in whole or in part to a surviving dependant when the person dies.

The current Annual Allowance rules permit any unused Annual Allowance from the previous three tax years (the Carry Forward Allowance) to be added to the Annual Allowance for the current tax year to increase the tax relievable contribution limit for the current tax year.

Please note, in respect of the Money Purchase Annual Allowance you are unable to use carry forward to pay in any contributions above the £10,000 limit.

This means your child, stepchild, legally adopted child or any other child the Trustee determines was dependent on you at the time of your death.

A Child remains a Child so long as they are under age 18, or under age 23 and in full-time education or training approved by the Trustee.

This is how you’re known if you’re no longer actively employed by Du Pont (U.K.) Limited.

The Defined Benefit Section of the Scheme will provide a pension for you at retirement in the form of a fixed income.

The investment account that is earmarked to provide benefits for you and your dependants. It comprises all the contributions made to the Scheme and the investment returns these have generated.

This means a Child of a member under the age of 23 or any other individual who the Trustee determines was financially dependent or mutually financially dependent on a member at the time of the member’s death.

Financial Conduct Authority.

His Majesty’s Revenue and Customs.

The Lump Sum and Death Benefit Allowance, of £1,073,100, is the limit on the total of the tax-free cash sums that can be paid in life and received by your beneficiaries if you die before age 75.

Lump Sum Allowance of £268,275, the limit on the tax-free cash sums you can normally receive in life.

This is the earliest age you can take your retirement benefits, which is currently set at 55 (or age 50 if you joined the Fund before 6 April 2006). This is set to increase to age 57 in 2028.

This is the period over which contributions to a particular pension arrangement are counted for Annual Allowance purposes. From April 2016, all pension schemes have a Pension Input Period that runs from 6 April to 5 April the following year.

Service with the Company from the date of joining the Scheme to the date of leaving or taking benefits, plus any additional Pensionable Service granted in accordance with the Scheme Rules.

Husband, wife, widow, widower or civil partner, including same-sex spouses.

You’re allowed to exchange part of your pension for a lump sum payment – under current regulations this lump sum would be tax-free. The maximum you’re allowed to exchange is normally 25% of the total value of your pension.

Du Pont (U.K.) Trustees Limited, whose Board of Directors are responsible for ensuring the Scheme is run properly and in accordance with the provisions of the Trust Deed and Rules, which govern the Scheme. Some of the Directors are appointed by the Company, and some are nominated by the members.