How can I make personal payments into my pension?

Saving into your pension pot with The People’s Pension can be a great, tax-efficient way to save for your future. You can make personal payments by completing one of the payment methods below. 

Regular Direct Debit payment (monthly or annual)

To make personal contributions by Direct Debit you need to:

  1. Complete the ‘Making personal contributions to your pension’ form
  2. Complete the Direct Debit mandate
  3. Return your completed forms – we recommend you post these to us at ‘FREEPOST THE PEOPLE’S PENSION’.

We need you to return the completed ‘Making personal contributions to your pension’ form and the Direct Debit mandate to us before we can carry out our checks. We won’t be able to begin taking payments from you until we’ve completed our checks.

If we’re unable to check your identity and bank account electronically, we may need to contact you again to ask for more information. It’ll take us up to 10 working days to arrange your Direct Debit with your bank. We’ll write to you once it’s set up.

Lump sum payment through your online banking (sometimes known as BACS)

To make personal contributions through your online banking (sometimes known as BACS), you’ll need to:

  1. Complete the ‘Making personal contributions to your pension’ form
  2. Return your completed forms – we recommend you post these to us at ‘FREEPOST THE PEOPLE’S PENSION’.

For more information about tax relief, and the amount you can save into your pension and receive tax relief on, take a look at our other knowledge base Q&As:

 

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