What’s the maximum amount I can pay into my pension pot?
You can pay as much as you like into your pot, but there are limits to how much tax relief …
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When can I take my pension?
Under HM Revenue & Customs (HMRC) rules, pension savings cannot normally be taken until your normal minimum pension age. If …
View full answer »How is the tax relief applied to my pot with The People’s Pension?
Every time you pay into your pension, the government will let you hold on to some of the tax you would’ve …
View full answer »I’ve confirmed on your claim form that I’m a controlling director of an employer using The People’s Pension, or connected to such a person. Can I claim a small cash lump sum?
Anyone who is a controlling director of an employer using The People’s Pension, or connected to a controlling director (such …
View full answer »What affects the amount of my projected pension pot at retirement?
Pensions are long-term savings. Your projected pot at retirement takes into account the following key assumptions: Inflation – this is …
View full answer »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 to kyc@peoplespartnership.co.uk though please note, …
View full answer »Can you accept a one-off contribution for an employee once we’ve set up the scheme?
We do accept one-off pension contributions for an employee – you might see these called additional contributions. Additional contributions can …
View full answer »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. They can …
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