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Cash Equivalent Transfer Value (CETV) |
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The amount offered by the Kingfisher Pension Scheme should you wish to transfer to another pension scheme. |
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Child |
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Your natural, step or adopted child who is under the age of 18, or is under age 23 and in full time education. |
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Civil Partner |
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Those in a same-sex relationship who have obtained legal recognition of their relationship, as per the Civil Partnership Act 2004. |
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Commutation Factor |
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The figure used to convert part of your pension in the Final Salary Section into a tax-free lump sum. |
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Company |
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An operating company within the Kingfisher group that is a participating employer (or OPCO) of the Scheme. |
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Company Contributions (Final Salary Section) |
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The contributions paid by the Company to the Final Salary Section to ensure the Scheme is able to meet its estimated future commitments. |
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Company Contributions (Money Purchase Section) |
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The contributions that the Company pays to the Money Purchase Section of the Scheme to match your core contributions, and in some instances your additional core contributions. |
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Crystallisation Event |
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Something that triggers a test of your pension benefits against your available lifetime allowance. An example is when you start to draw your pension. |
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