Important information

  • $userType (java) =
  • $userCategory (java) =
  • $userIdentity = Default
  • Match Found in DCR = 1

You must read and save the following documents:

Points to be aware of:

  • Minimum account opening limits: Lump sum £1,000 and monthly savings £50.
  • Minimum top up limits: Lump sum £1,000 and monthly savings £50.
  • The maximum you can pay into your pension each tax year is £40,000, including employer contributions (this figure does not include any transfers you wish to make from other pension providers; there is no limit to how much you can transfer). Exceed this limit and you could end up paying up to 45% tax.
  • Unused annual allowances from the previous three tax years can be carried forward to this tax year without incurring tax (even if it exceeds £40,000).
  • Unlike personal contributions, employer contributions do not attract tax relief.
  • Contributions from your limited company (which are considered employer contributions) can usually be offset as a business expense which will reduce your potential corporation tax liability.
  • Read more on all the above in the pension tax factsheet.

Acceptable payment methods

  • Cheque, Bank transfer or Direct Debit for regular savings

Check you have these ready

green tick Your bank or payment details

green tick The company registration number (you can usually find this on company letterhead)

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