Contributions

What happens if I go over the lifetime allowance?

Every time you access your savings and when your pension schemes start to make payments to you, the value of …

View full answer >>

Can I reduce my contributions?

You can ask your employer if they’re able to organise for you to reduce your contributions instead, to below the …

View full answer >>

How do my pension contributions show on my Online Account transactions?

If you’re new to The People’s Pension, you might be wondering why you can’t see any pension contributions on your …

View full answer >>

How long does it take to get the tax relief from HM Revenue & Customs (HMRC)?

If your employer is using the ‘net pay arrangement’ method where your contributions are taken from your pay before tax, …

View full answer >>

If my employer went bust, what will happen to my pension and the contributions that they owe me?

You may have heard in the news about pension savers losing their money in the event of their employer going …

View full answer >>

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. …

View full answer >>

I live in Scotland, how do I receive tax relief on my contributions?

If your employer takes your contributions before tax (known as a net pay arrangement), you only pay tax on what’s …

View full answer >>

Can my personal contributions be paid through more than one Direct Debit?

No, you can only have one Direct Debit mandate on your account with The People’s Pension.  

View full answer >>

How can I opt back in?

Your employer is required to automatically enrol you into the scheme, normally every 3 years, provided you’re an eligible jobholder. You …

View full answer >>

If I leave the UK can I continue paying into my pension pot?

  Yes, you can receive tax relief on contributions up to £3,600 a year for five tax years after moving …

View full answer >>