Costs and charges
What is the charge cap?
The charge cap is a government-set limit. It’s the annual amount that can be charged to savers in default arrangements …
What are my employees’ charges?
How much do you charge employers who sign up to The People’s Pension?
The employer set-up charge is £500 plus VAT. There’s a reduced charge of £300 plus VAT for those who sign …
Why are you charging employers who sign up to The People’s Pension?
We know that small businesses need simple tools, phone-based support during set-up and when making contributions for the first time, …
What are my employees being charged?
What annual management charge (AMC) do my employees pay?
We charge employees a low management charge of 0.5% each year, well below the industry charge cap of 0.75%. That’s …
Are there any ongoing charges for the employer other than the set-up charge?
No, all services provided are included within the set-up charge.
Employer charges – who will this affect?
Do you charge larger employers?
I already have a company in your scheme and want to add another. Will I be charged?
No. Existing employer customers adding new subsidiary companies to the scheme won’t be charged, and neither will existing customers who’ve …