FAQs
Showing 9 of 49 results
"What's the annual allowance?"
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.
"How much should my employer contribute?"
Your employer has to pay a minimum of 3% on what’s known as qualifying earnings into your pension savings.
"Would contributions be based on salary or bonus?"
This depends on the definition of pensionable salary you’re using to calculate the contributions, and whether this includes bonuses.
"If I increase my contributions, can I get my personal allowance back?"
Contributing to your pension reduces your taxable income and can give you back some or all of your £12,570 personal allowance.
"If I leave the UK can I continue paying into my pension?"
Yes, you can receive tax relief on contributions up to £3,600 a year for 5 tax years after moving abroad.
"Where do I send my Direct Debit instruction and proof to?"
You can send your Direct Debit form along with proof of the bank account by email or post.
"If I’m on long-term sick leave, what will happen with my contributions?"
If your sick leave is insured and a policy is paying out, then this will be classed as earnings if payments are being made by your employer.
"If employees leave, can they continue to pay into their pension?"
Employees can continue to pay into their pension, even if they’ve left your employment or the pension scheme.
"Can I manually enter my employee data?"
Entering data is one of the ways of sending employee details and pension contributions to us.