Contributions

How do I claim higher rate tax relief on my contributions?

  If your pension contributions have been deducted from net pay (after tax has been deducted) and you’re a higher …

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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 …

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Why can’t I see any tax relief on my Online Account?

  There are two reasons you might not be able to see tax relief on your Online Account. Your pension …

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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 …

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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 …

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Why does my statement show that contributions are only being made by my employer (and not by both me and my employer)?

If your employer is operating salary sacrifice arrangement, our system would show this as employer contributions only, even though your …

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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 …

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My statement doesn’t show any tax relief. Do I need to claim this back from HM Revenue & Customs?

If you’re under the age of 75, and your statement doesn’t show tax relief, this means you’re receiving tax relief …

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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 set …

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If I increase my contributions does the employer have to match them?

No – as long as the employer is making the minimum contribution.

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