At The People’s Pension, the AMC is made up of 3 elements:
- An annual charge
- A management charge of 0.5% (50p for every £100 saved)
- A rebate on the management charge – the rebate level depends on how much is in your pension pot
Charges vary across different pension providers though – you might come across some higher ones, and some have monthly charges as well.
Read more about our annual management charge.
To find out exactly how much you’re charged, please log into your Online Account and go to ‘Manage my pension’, followed by ‘Charges’.