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. …
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.
If I increase my contributions does the employer have to match them?
No – as long as the employer is making the minimum contribution.
There doesn’t seem to be an option to increase my contributions online, how do I do this?
If you want to increase your pension contributions, please contact your employer directly first to see if they can …
If I set up a Direct Debit to increase my contributions, will my employer automatically match this contribution as well?
Your employer will not automatically match your increased contributions. Currently your employer has to contribute 3% of your qualifying earnings.
Can I reduce my contributions?
You can pay in less provided that your employer puts in enough to meet the legal minimum. If they don’t …
Are there any restrictions on the number of changes to payments that I can make? For example, could I increase my payments for a period of time and then reduce them at a later date?
There are no restrictions on the number of changes. You can increase or decrease your contributions at any time.
I currently pay a set amount each month by Direct Debit. If I want to suspend this payment until further notice, what do I do?
If you wish to cancel your Direct Debit please call us on 0300 2000 555.
I’ve been automatically enrolled since my employer’s staging date. Can I now take a contribution holiday?
Yes, you can cease paying contributions to your scheme at any time. This means your employer is no longer obliged …
If I stop making contributions, what will happen?
If you stop making contributions, your employer may periodically enrol you back into a workplace pension. This is to …