Employer and member charges

With our one pot for life, your employees will pay the lowest possible charges on their savings


Employer charge

We only charge you once – and that’s to set up the scheme. It’s £500 + VAT which is reduced to £300 + VAT if you sign up through a business adviser (a financial adviser, accountant, bookkeeper, or payroll provider).

Once the account is set up, there are no ongoing fees.

Best price guarantee

Sometimes, when people move jobs, they can end up with multiple policies with the same pension provider, all with different charges.

With us, if one of your employees has an existing pot with us from a previous employer, we’ll combine their savings into one and charge the lowest rate available to them.

We’re currently the only major pension provider offering this one pot – best price promise model.

Cost and charges

Individual annual management charge (AMC)

Members – your employees – pay an AMC made up of 3 elements – an annual charge, an ongoing management charge of 0.5% and a rebate on the management charge. The rebate level depends on how much is in their pension pot.

Our charge calculator shows what a member would typically pay in pounds and pence or as a percentage.

Scheme AMC levels

Discover how our rebate on the management charge reduces the average AMC at a member level for your business.

Transaction costs

We’re transparent about the costs our members incur and the impact these have on the value of their savings – this goes as far as implicit transaction costs.

Our transaction cost tables show the pot values, before and after costs and charges have been deducted for each of our funds over the accumulation journey.

Value for member assessments

What they are and how we can help you.

Ready to sign up?

It’s quick, easy and there’s plenty of help along the way.

Still not sure?

See how The People’s Pension compares to other workplace pension providers.