Annual Renewal
Annual Renewal is the time of year when you tell Unilever how you’d like to use your Benefits Envelope for the year ahead.
At the same time, you can use your pay to buy other benefits.
Annual Renewal runs in July and August.
Every Unilever employee gets a Benefits Envelope on top of their pay
It’s worth 25% of your pensionable earnings (your basic pay and, for some people, other allowances).
You can use it to save for pension, give yourself extra taxable pay or both.
Read more about your Benefits Envelope
July
We’ll let you know when Annual Renewal starts
July to August
Sign in to unileverbenefitchoices.com to:
- Check your choices – see what you’re doing now and what changes you can make
- Use the modeller – get a rough idea of how different choices might affect your pension and take-home pay
Get help to choose. Webinars and one-to-one sessions are available face-to-face and online.
August - 6 weeks after Annual Renewal starts
1st October
New choices come into effect for the year ahead
Changes you can make
There are some changes that you can only make during Annual Renewal and some changes that you can make at any time.
From your Benefits Envelope
DB Career Average Plan
- Start building up pension in the DB Career Average Plan (if you are eligible)
- If you stopped building up pension in the DB Career Average Plan pension in the last 2 years, next Annual Renewal might be your last chance to re-join
- Stop building up pension in the DB Career Average Plan
DC Investing Plan
- Start saving into the DC Investing Plan
- Change how much you save
- Stop saving
Extra taxable pay
- If you have any Benefits Envelope left over after you’ve chosen from the options above you’ll get this as extra taxable pay
From your pay
One-off (‘variable’) extra voluntary contribution (EVC)
Year-long (‘fixed’) EVC with salary sacrifice
Variable EVC
Extra life cover
- Start, stop or change the level of extra life cover
Serious ill-health cover
- Start or stop paying for serious ill-health cover
DB Career Average Plan
- Stop building up pension in the DB Career Average Plan
DC Investing Plan
- Stop saving into the DC Investing Plan
One-off (‘variable’) EVC
Year-long (‘fixed’) EVC with salary sacrifice
- Start saving or save more
Variable EVC
- Start saving or save more
Getting help to choose
The Unilever Benefit Choices website is designed to help you make your choices during Annual Renewal. But you can explore your choices, use the modeller and watch recordings of last year’s webinar throughout the year.
Sign in using your Unilever account.
Unilever Benefit Choices
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