30s

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The basics
The detail

The detail

Find out how tax savings impact the cost of paying into your pension, how you can invest your pension fund, and how savings limits affect how much you can pay in without paying a tax charge.

Tax Investments > Lifestyle options > Self-select options > Charges > Investment risk Saving limits
Life stages

Lifestages

Different life stages come with different priorities. Here are some things to think about during each decade of your working life.

20s 30s 40s 50s
Life events

Life events

Find out the impact of life events on your pension and what you need to consider.

Job changes Leaving Cummins Family events What if I’m ill?What if I die?Report a death
Retiring

Retiring

Find out your options for taking your pension and what guidance is available to you.

Retiring Retirement options Guidance and support
Tools and documents

Cost calculator Documents Forms

Cost calculator

Use the cost calculator to explore how much you can afford to pay.

Cost calculator

Plan documents

Here you'll find documents containing information about the Plan.

All Guides Newsletters Previous newsletters Plan documents

Need to do something?

Use these forms to let us know about changes, request a quote or complete a task.

All forms

Update my contact details Update my address Update my marital status Update my bank details Nominate a beneficiary Get my Member Reference Request payslip/P60 Request Retirement Quote Request Transfer Out quote Contact us Report a death Claim death benefits Opt-out of consolidation
DB members

The basics The detail Life events Retiring Already retired?

Are you a DB member?

If you joined the Plan before 1999, you’re probably a member of the defined benefit (DB) Section (also known as the final salary section). The DB Section is now closed to new entrants.

Members' area

The basics

The detail

Find out how tax savings impact the cost of paying into your pension, how much pension you can build up without paying a tax charge, and how you can invest your AVCs.

Tax Saving limits Investments (AVCs)

Life events

Find out the impact of life changes on your pension and what you need to consider.

Job changes Family events What if I die?Leaving Cummins Career breaks What if I’m ill?Report a death

Retiring

Find out your options for taking your DB pension and your AVCs, and what guidance is available to you.

Retirement options Steps to retirement Guidance sessions

Already retired?

Whether you’ve only just retired or you're a seasoned retiree, we hope you’re enjoying your retirement.

Already retired?

Pay dates Tax on your pension Wellbeing matters

Home
The basics
The detail

The detail

Find out how tax savings impact the cost of paying into your pension, how you can invest your pension fund, and how savings limits affect how much you can pay in without paying a tax charge.

Tax Investments > Lifestyle options > Self-select options > Charges > Investment risk Saving limits
Life stages

Lifestages

Different life stages come with different priorities. Here are some things to think about during each decade of your working life.

20s 30s 40s 50s
Life events

Life events

Find out the impact of life events on your pension and what you need to consider.

Job changes Leaving Cummins Family events What if I’m ill?What if I die?Report a death
Retiring

Retiring

Find out your options for taking your pension and what guidance is available to you.

Retiring Retirement options Guidance and support
Tools and documents

Cost calculator Documents Forms

Cost calculator

Use the cost calculator to explore how much you can afford to pay.

Cost calculator

Plan documents

Here you'll find documents containing information about the Plan.

All Guides Newsletters Previous newsletters Plan documents

Need to do something?

Use these forms to let us know about changes, request a quote or complete a task.

All forms

Update my contact details Update my address Update my marital status Update my bank details Nominate a beneficiary Get my Member Reference Request payslip/P60 Request Retirement Quote Request Transfer Out quote Contact us Report a death Claim death benefits Opt-out of consolidation
DB members

The basics The detail Life events Retiring Already retired?

Are you a DB member?

If you joined the Plan before 1999, you’re probably a member of the defined benefit (DB) Section (also known as the final salary section). The DB Section is now closed to new entrants.

Members' area

The basics

The detail

Find out how tax savings impact the cost of paying into your pension, how much pension you can build up without paying a tax charge, and how you can invest your AVCs.

Tax Saving limits Investments (AVCs)

Life events

Find out the impact of life changes on your pension and what you need to consider.

Job changes Family events What if I die?Leaving Cummins Career breaks What if I’m ill?Report a death

Retiring

Find out your options for taking your DB pension and your AVCs, and what guidance is available to you.

Retirement options Steps to retirement Guidance sessions

Already retired?

Whether you’ve only just retired or you're a seasoned retiree, we hope you’re enjoying your retirement.

Already retired?

Pay dates Tax on your pension Wellbeing matters

Back to Home

Cost calculator Documents Forms

Back to Tools

Cost calculator

Back to Tools

All Guides Newsletters Previous newsletters Plan documents

Back to Tools

Update my contact details Update my address Update my marital status Update my bank details Nominate a beneficiary Get my Member Reference Request payslip/P60 Request Retirement Quote Request Transfer Out quote Contact us Report a death Claim death benefits Opt-out of consolidation

Back to Home

20s 30s 40s 50s

Back to Home

Retiring Retirement options Guidance and support

Back to Home

Job changes Leaving Cummins Family events What if I’m ill?What if I die?Report a death

Back to Home

The basics The detail Life events Retiring Already retired?

Back to DB members

The basics

Back to DB members

Tax Saving limits Investments (AVCs)

Back to DB members

Job changes Family events What if I die?Leaving Cummins Career breaks What if I’m ill?Report a death

Back to DB members

Retirement options Steps to retirement Guidance sessions

Back to DB members

Pay dates Tax on your pension Wellbeing matters

Back to Home

Tax Investments > Lifestyle options > Self-select options > Charges > Investment risk Saving limits

Your 30s can bring more competing priorities. The good news is that savings made in your 30s can have an impact later on as you still have time to benefit from long-term investment returns.

Things to think about

Make the most of Cummins match and pay as much as you can
If you can pay at least 7%, you get the maximum 9% contribution from Cummins. The more you save while you’re young, the longer the time your money has to grow.
Increase when you can
Once big costs (rent/mortgage, childcare, bills) stabilise, see if you can nudge contributions up. You can always nudge them back down if you need to. You can change how much you save at any time by logging in to My Pension Tracker.

The detail

Lifestages

Life events

Retiring

Things to think about