Accessing your money
Can I contact HM Revenue & Customs before the end of the tax year, so that they can consider my tax position immediately?
Yes, you must complete one of the following relevant forms available from www.gov.uk/claim-tax-refund/you-get-a-pension: Form P50Z if you have no other income …
I’ve nominated my young children as beneficiaries. If I die and they’re still under the age of 18, how do you pay out my death benefits?
If your beneficiaries are under the age of 18 (known as minors), the lump sum will be held in trust …
Why have I been taxed and why is it so much?
Under HM Revenue & Customs (HMRC) rules, pensions are classed as earned income and have to be taxed under Pay …
Why do I need to complete a risk warning questionnaire?
Due to regulations we have a duty to ask you to consider a number of risk factors when you access …
I’ve been made bankrupt – what would happen to my pension?
If you’ve been declared bankrupt on or after 29 May 2000, your pension pot is protected against any claim by …
What paperwork do you require in the event of a death claim?
For all death claims we’ll need to see the original death certificate. In addition, depending on circumstances, we may also …
I’m accessing my pension, what do you require to verify my identity?
To verify your identity, we require evidence of your bank account. For this, we need a copy of a full …
Can details of my pension pot be disclosed to a third party (IFA, spouse etc)?
Details of your pot can only be given to a third party where you’ve given your authority. If anyone other …
Where can I find my customer number?
Your customer number is a 7 or 8-digit number. When your employer signed you up to The People’s Pension, we’d …
Where do I send my pension claim form?
If you have a vulnerability or disability which stops you from being able to request to take your pension money …