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Scheme overview

Your Sainsbury’s SIPP is a defined contribution (DC) pension scheme. You pay into the SIPP and Legal & General invests this, together with any Sainsbury’s contribution and any tax relief that’s added.

This money – your pension pot – is invested for you by Legal & General.

If there’s an increase in the value of the investment, this will be added to your pension pot so that it grows over time. Your pension pot can also reduce if the investments fall in value.

The more money you put into your pension pot, the more you’re likely to have when you retire, so it makes sense to start as soon as you can.

If you don’t join, Government rules mean that we may automatically start to put some of your pay into a pension if you meet some set conditions. You can find out more about this here: