FAQs

If your employer takes your contributions before tax (known as a net pay arrangement), you only pay tax on what’s left.

Pensions are long-term savings. Your projected retirement value takes into account the following key assumptions.

You can normally specify the frequency of your payments – monthly, quarterly, half yearly or annually.

These are the earnings your pension contributions are usually based on if you contribute to a pension scheme.

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.

If you’ve requested to opt out of your workplace pension scheme within 1 calendar month of being enrolled, you’ll be entitled to a refund of your contributions.

The annual allowance is a limit to the total amount of contributions that can be paid into a defined contributions scheme (like People’s Pension), as well as the total amount of benefits that you can build up in the scheme, for tax relief purposes.

For all death claims we’ll need to see a completed claim form.

"I live in Scotland, how do I receive tax relief on my contributions?"

"What affects the amount of my projected retirement value?"

"How often will my pension be paid?"

"What are qualifying earnings?"

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

"How do I get my opt-out refund?"

"What's the annual allowance?"

"Do I need to let any other pension schemes know that I’ve flexibly accessed my pension?"

"What paperwork do you require in the event of a death claim?"