FAQs
Showing 9 of 49 results
"How can I make personal payments into my pension?"
Saving into your pension with People’s Pension can be a great, tax-efficient way to save for your future.
"How do I add or change my Direct Debit details?"
To change your Direct Debit details, please download and complete a new Direct Debit mandate. One can be found in the ‘view documents’ section in Online Services.
"Can I pay further contributions after taking a flexible lump sum?"
Yes, however, the annual allowance is a limit to the total amount of money you can save into your pension arrangements across all of the different schemes you belong to and receive tax relief on.
"What is the maximum employer’s contribution?"
There’s no maximum employer contribution – employers can pay any amount of pension contributions for their employees.
"Does the employer have to contribute if the employee opts out?"
Where an employee is auto-enrolled but the employee doesn’t want to contribute, the employee can opt out of the pension scheme.
"How do I work out what my pay period (PRP) should be?"
The pay period (PRP) is the time between regular wages or salary. You might also see it called a pay/payroll frequency, payroll period, or payroll schedule.
"Can I change my contribution amount online?"
If you’re currently making payments into your scheme via Direct Debit, please contact us to amend the amount you are paying in.
"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.