Skip to Content

We’ll offer you a competitive base salary to get you started, but we’re not done there. We offer lots of other benefits that make up your total package

Compensation & retirement benefits


Annual Incentive Plan (AIP)

Our Annual Incentive Plan (AIP) is a discretionary scheme that runs from January to December. Payments are made in March every year and are determined by both individual and company performance. When colleagues join part way through the year, the incentive will pro-rota. The job advert will confirm the target bonus level for the role on offer and we'll talk you through how this works during the recruitment process.

Two colleagues standing talking


Phoenix will contribute 10% of your salary into your pension each month. There is a default 2% employee contribution, however you can change this when you join via our benefits platform. Phoenix will match your contributions up to 2% and will also enhance any Salary Sacrifice contributions you make by 10%, meaning you could receive 14.2% whilst only contributing 2% yourself. We also offer you support when you're approaching retirement.

38 days

Annual leave per year, including bank holidays


Minimum pension contribution


Salary life assurance


PG Calculator

38 days annual leave

This includes bank holidays, and you have the choice to work a bank holiday and take the day elsewhere (with the exception of Christmas, Boxing Day and New Year's Day). You can also buy up to 5 additional days per year.

Coffee Break

1-12 month career breaks

Haven't seen the world yet? Still planning to complete that qualification or life-changing experience? After your initial settling in period, you can take an unpaid career break for 1-12 months.

PG Icon Community

10 days paid carers leave

All colleagues receive 10 days of paid and 5 days of unpaid carers leave per year. We also offer 18 weeks unpaid parental leave after one year's continuous service.

Phoenix Insights Icons

Emergency leave

To help our colleagues deal with an unexpected or immediate responsibility for a dependant, as well as Compassionate Leave and Parental Bereavement Leave to support colleagues through the injury, illness or death.

Core benefits

PG Icon Passion Ember

Private medical cover

You will be automatically added to the private medical scheme when you start with us and you’ll also have the option to add a partner and/or children to your policy. We recently added some new benefits via BUPA including fertility support (e.g. £15,000 towards IVF treatment), assessments for neurodiverse conditions and access to a menopause GP.

Support Menu Icon Finance

Group income protection

Protection is automatically provided at 50% of your salary, providing you with reassurance that you’ll be covered in the circumstance that you’re unable to work. This is provided up to state pension age.

PG Shareholders

Share schemes

You can choose to participate in our Share Incentive Plan or Sharesave scheme. Both options allow you to share in the success of Phoenix Group.

Vulnerable Customer Supporting Colleagues

Life assurance

Pays out a tax-free lump sum payment to your beneficiaries in the event of your death while working for Phoenix. Company cover is provided at 12x your insurable salary.

Family friendly

PG Icon Society

Parental leave

All colleagues expecting to give birth (including surrogacy) or designated the primary adopter can take up to 52 weeks leave with 26 weeks paid, 13 weeks on statutory pay and 13 weeks at zero pay. The non-birthing parent is entitled to 26 weeks paid leave.

PG Icon Timer

For soon to be parents

Paid time off for expectant parents to attend antenatal or adoption appointments. Ten days paid leave to undergo fertility treatment or to attend these appointments with a spouse or partner.

PG Icon Career

Return to work

Back to work coaching and support, and the option for new parents to phase their return to work over two months, working a minimum of 60% of hours in the first month and 80% in the second, for 100% of your pay.

PG Icon Showing Support

Neonatal care

Up to 12 weeks of paid leave to support parents whose child requires neonatal care when they are born, added to the end of their family leave.

Flexible benefits

PG Icon Optimise

Managing your money

Childcare vouchers, financial coaching, Workplace Isa with Cushon, Reward Gateway for employee discounts and savings.


Staying protected

Critical illness cover, Spouse/partner life assurance, personal accident insurance, travel insurance, Rac Travel Care, Power of Attorney and will writing.

PG Icon Wellness

Keeping healthy

Cycle to Work scheme, dental insurance, GymFlex, and health assessments.

PG Icon Celebration

Having fun

Dining club, electric vehicle scheme holiday buy/sell, technology discounts, Kids Pass and employee discounts through Reward Gateway.

We are proud to offer a range of benefits. We are continually reviewing our offering and so some may be subject to change, eligibility criteria, require an employee contribution or be prorated if you join us on a part-time basis. Please note that some benefits differ for colleagues based in Ireland. Full details will be found in your employment contract and in the relevant policies upon joining us.