General contributions

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 …

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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 …

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How are qualifying earnings calculated for contributions made via salary sacrifice?

If your employer is using a defined contribution scheme (which The People’s Pension is), then the qualifying earnings used to …

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Do childcare vouchers count as qualifying earnings and therefore do we have to pay pension contributions based on the value of these?

Childcare vouchers are usually given to employees via a salary sacrifice arrangement where an employee gives up the right to …

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If I’m made redundant do I have pay pension contributions based on my redundancy pay?

The tax-free redundancy payment (up to £30,000), ie the lump sum you’d get for being made redundant, isn’t counted as …

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Do my contributions include overtime pay?

Some employers will calculate your pension contributions based on your basic salary whereas other employers will base contributions on your …

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If I’m going on long term sick, what will happen with my contributions? Will they continue and does my employer still have to pay?

Contributions can continue to be paid into your pension pot based on the pay you’re actually receiving. If your sick …

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Do I still pay contributions if I’m on maternity leave?

There are rules in place which determine how much you and your employer should contribute to your pension scheme during these periods …

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What’s the maximum amount I can pay into my pension pot?

 You can pay as much as you like into your pot, but there are limits to how much tax relief …

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How much should my employer contribute?

Your employer has to pay a minimum of 3% on what’s known as qualifying earnings into your pension pot. This …

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