Overview
In addition to our Global Benefits & Perks our employees in the UK are also entitled to:
Group Life Insurance (GLA) of 4x your basis salary in the event of your death whilst working for Camunda Ltd
Group Income Protection (GIP) to cover you for 60% of your basic salary. This will protect you if you are unable to work due to accident, sickness or disability. The plan will pay out after 13 weeks continuous absence, and until this time you will be paid in accordance with your employment contract with Camunda. Once in payment, the benefit will increase at a rate of 3% per annum.
Private Medical Insurance (PMI) with Axa. Cover is provided for you and you can upgrade at your own expense to include your spouse and/or dependents.
With our Private Medical Insurance, the most important takeaways are:
- No Excess (i.e., you don't pay towards any claims)
- Unlimited in-patient cover
- Unlimited out-patient cover
- Comprehensive cancer cover
- Dental cover of 80% up to 400 GBP per year for routine dental treatment
- Optical cover of 80% up to the cost for prescription glasses and contact lenses up to 200 GBP per year plus 25 GBP for an eye test
- Unlimited therapy cover (10 sessions and then if referred by GP, unlimited)
Please note that cover is on a ‘Moratorium’ basis and does not cover pre-existing conditions. Benefits start on an employee's date of hire.
Useful Documents
UK Benefits Overview
Camunda PMI Election form
BHS Handbook
P11D Factsheet
DoctorHand Flyer
2022 Camunda Pension Announcement
UK Pension Plan
Effective March 1, 2022
Private Group Pension Scheme through Aviva
Automatic enrollment for new employees
6% employer contribution, 5% employee contribution (contributions based on basic salary)
Access to over 200 funds with online account management
What are the advantages of being in a workplace pension?
- You have your own individual pension pot.
2. There’s a range of investment options for you to choose.
3.The Scheme is a tax efficient way to save and your employer pays into the pot as well.
4.You can access your pot flexibly, at any time from age 55 and continue to pay contributions. This increases to 57 from 2028 unless your plan has a protected lower pension age. (NB: If you take more than your tax free cash sum, this would trigger the money purchase annual allowance and could restrict the ability to make further pension contributions tax-efficiently).
5.Online account management and other resources to follow the progress of your savings.
6.Flexibility to take your pension fund with you if you change jobs.
- a contribution amounts will increase from 3% to 5% with the implementation of a new pension scheme
- Employee contributions will remain at 5% however, this will be based on base salary (currently based on Qualifying Earnings)
- More information to come!
