HSBC has increased the contributions it pays into your Defined Contribution (DC) pot.

HSBC is increasing the contributions it pays into your Defined Contribution (DC) pension pot. HSBC will pay 10% of the first £28,100 (pro-rated for part time hours) of your DC pensionable salary (previously £27,300).

The Scheme Earnings Cap will increase to £191,000 (previously £186,000). The Scheme Earnings Cap is the limit on the amount of pensionable earnings which pension contributions can be paid on and which pension benefits are calculated.