FAQs

If you want to take a tax-free lump sum but leave the remainder of your pension invested, you’ll need to designate your pension savings for flexi-access drawdown.

Thinking of leaving People’s Pension? If you’re thinking about moving to another pension provider, it’s a good idea to consider all your options first.

Yes, transfers can be made from People’s Pension to a Qualifying Recognised Overseas Pension Scheme (QROPS) at your request.

Yes, we do.

The auto-enrolment status of your employee is dependent on both their age and earnings when you assess them.

If your earnings are below the annual income tax personal allowance, because your employer deducts contributions before tax, you’ll receive a payment to your bank account from HMRC.

Withdrawals from your pension savings may have implications on your entitlement to means-tested benefits.

With a unit-linked policy, any contributions paid in are used to buy units in the investment funds.

"Can I take some or all of my 25% tax-free lump sum up front and leave the rest invested?"

"How do I transfer my savings to another pension provider?"

"Can I transfer my pension to an overseas pension scheme?"

"Does People’s Partnership use the Origo online system?"

"When should an employee be assessed as Entitled or Non Eligible?"

"Can I take a small pot lump sum if contributions are still being paid by my employer?"

"If I don’t earn enough to pay income tax, how do I claim tax relief on my contributions?"

"How will accessing my pension affect my means-tested benefits?"

"How does a unit-linked policy work?"