IMG Artists FAQs
- Will using Salary Exchange affect my future salary and company benefits?
-
Your future salary and IMG Artists benefits will not be affected.
IMG Artists will confirm your Reference Salary, the amount you have agreed to exchange for a pension contribution, and your new revised salary in your payslip. The Reference Salary is your original salary before the exchange and will continue to be the basis for calculating future pay reviews and benefits.
- Can I make changes to my pension contributions?
- You can change contributions at any time.
- Can I choose to opt out of Salary Exchange?
-
If you wish, you can choose to opt out of Salary Exchange and have your pension contributions deducted from your net pay. If you opt out you won't benefit from National Insurance savings and you will need to reclaim any higher or additional rate tax relief from HM Revenue and Customs separately.
Please note the above company-specific Salary Exchange information is provided by IMG Artists and is based on their understanding of UK law and HMRC practice as at the date of publication.
- What if I'm not sure where to invest?
-
For some investors nothing beats the thrill of choosing their own stocks and shares. Others prefer to entrust the choice of shares to experts and choose funds. With the IMG Artists Pension & Investment Plan you can invest with the UK's finest fund managers.
You'll also receive regular reviews on funds that Hargreaves Lansdown believes have good prospects to help you decide for yourself where to invest.
Discover investment ideas from Hargreaves Lansdown
If you don't want to choose your own investments, within the SIPP your fund will automatically be invested in the company default investment.
The Stocks and Shares ISA and Fund and Share Account are designed for investors who are happy making their own investment decisions. If you're unsure where to invest - you can hold your money as cash and decide where to invest later.
You can hold cash in the IMG Artists Pension & Investment Plan and it can provide you with interest on the value.
- What happens if I leave IMG Artists?
-
Rarely these days do people have one job for their entire working life. No matter what stage you are at in your career, you should always consider being part of an employers' pension plan or having your own pension plan.
IMG Artists recognises this and has ensured the SIPP is fully portable.
Your pension fund will be held within your own personal account. If you leave the company, you can keep your pension fund where it is. You can continue to make contributions by setting up a direct debit, or by cheque and you'll continue to benefit from the same online access, the same investment choice and the same costs.
You could even ask your new employer to make contributions into it.
- How will I know how well my investments are performing?
- Four times a year you will be sent a simple statement covering all of your investments and detailing how well they have performed. This means less paperwork, less time and less hassle. In addition, at the end of the tax year you will be sent a consolidated tax certificate to help you with your tax return.
Important information
Please remember tax rules can change and benefits depend on individual circumstances. When you invest the value of your investments can rise and fall so you could get back less than you invest.