What’s the annual management charge (AMC)?

 

This is how much you’re charged to have a workplace pension each year.

With The People’s Pension it’s 0.5% – that’s 50 pence a year (0.5%) for every £100 of the value of your account. That’s it – just a simple annual charge.  The AMC is reflected in the price of units, and so there’s no explicit charge on your pension pot.

So you don’t need to do a thing.

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