FAQs
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"How should I handle employees that leave the pension scheme?"
Employees can leave the pension scheme – also known as ceasing contributions – at any time they choose.
"Does People’s Partnership use the Origo online system?"
Yes, we do.
"What’s a reduced charge code and how do I get one?"
A reduced charge code is a discount code for advisers to share with their clients.
"How much do you charge employers who sign up to People's Pension?"
The normal cost for an employer signing up to People’s Pension is £500 (plus VAT).
"Why does the pay reference period differ from the earnings period?"
The pay period (PRP) is the time between regular wages or salary. The earnings period is the time that salary is worked for.
"I’ve tried to set up an account with the number you sent me but it says that I have an account already. What do I do?"
"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 left.
"What affects the amount of my projected retirement value?"
Pensions are long-term savings. Your projected retirement value takes into account the following key assumptions.
"How often will my pension be paid?"
You can normally specify the frequency of your payments – monthly, quarterly, half yearly or annually.