FAQs
Showing 9 of 49 results
"What happens to an employee's contributions when they're on paternity leave?"
Contributions can continue to be paid into the employee’s pension.
"What are the minimum contribution levels when pensionable or total earnings basis is used?"
"Can you accept contributions net or gross?"
When you set up your workplace pension with People’s Pension, you can choose to deduct your employees’ contributions from their wages either before or after tax.
"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.
"What’s an earnings basis?"
The earnings basis describes the type of earnings used when pension contributions are worked out.
"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.
"As the employer, do I have to match the employee contribution?"
An employer doesn’t have to match employee contributions. Currently, the minimum contribution is 8% of qualifying earnings, of which at least 3% must be paid by the employer.
"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.
"How do I cancel a direct payment?"
You’re unable to cancel a direct payment via Online Services, but get in touch and we’d be happy to help.