The HSBC Bank (UK) Pension Scheme ("the Scheme")

Make your pension work for you

When you join HSBC, you will become a Defined Contribution (DC) member of the Scheme.

Make your pension work for you

From your first day working with us, HSBC puts money into your DC pension pot, even if you do nothing. If you also contribute to your DC pension pot, HSBC will put in even more.

HSBC gives you 10% of your first £21,200 pensionable salary,

then 9% of anything over £21,200 up to the scheme earnings cap, currently £144,000.

Plus HSBC will match anything you pay up to 7% of your pensionable salary up to the scheme earnings cap, currently £144,000.

It's quick and easy to change how much you're contributing and you can change your contributions once a month.

HSBC pays most of the fees

HSBC pays the administration and investment management fees for the investment options currently available. However depending on the fund, there may be other investment costs which will be reflected in the price of the fund. These costs are variable and likely to be between nil and 0.2% pa.

See what you get per month


This modeller has been included for illustrative purposes only and should not be relied on.  In particular for members who work part time or who are on family leave or any other period of absence, the contributions payable may differ.  When considering the level of contributions to make to the Scheme it is important to consider (i) what you can afford to pay at any particular time bearing in mind other financial obligations you may have eg mortgage payments and (ii) what your retirement objectives are to help ensure you will have saved enough in your pension pot to meet those objectives.  These factors may change in the future so we recommend you regularly review the contributions you are making and the impact any change in contributions levels could make.  For high earners, consideration should also be given to whether any change in contribution rates impacts on your annual allowance, money purchase annual allowance or lifetime allowance.  We would recommend you seek independent financial advice if you are unsure what levels of contributions to make to the Scheme and the impact this may have


HSBC contributes 10% 10% of your first £21,200 pensionable salary then 9% of anything over £21,200 up to the scheme earnings cap, currently £144,000
£ 0.00
Your contribution 7%
£ 0.00
HSBC matches your contribution 7%
(up to 7%)
£ 0.00
Total monthly payment into your Pension 24%
£ 0.00

DC Fund factsheets

The DC Fund factsheets dated 31 March 2018 are now available in the Information Centre.

Investing your DC pension pot

You have a range of options when it comes to investing your DC pension pot. Keeping an eye on these investments can help you hit your desired income at your Target Retirement Age. Once you’ve joined the Scheme, you can see what’s in your DC pension pot and how well your investments are performing. You can even change your investments when you want to.


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Scheme Earnings Cap 2018 

HSBC has increased the contributions it pays into your DC pension pot.

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Banking Reform 

The legal and regulatory processes to execute the changes to the structure of the covenant to the Scheme to support Banking Reform have been completed.

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Monthly Flash Reports 

The Trustee wants to help you get the most out of the Scheme

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About your DC pension pot