Our workplace pension scheme supports a range of contribution options.
You and your employees can pay monthly contributions at a fixed amount or as a percentage of their salaries.
For automatic enrolment, your employee's qualifying earnings must be more than £6,240 but less than £50,270 in the 2023/24 tax year.
Both you and your employees can make single contributions at any time.
Your employees may be able to transfer pensions from other providers.
Transfer payments from one pension plan to another don’t receive tax relief. Transferring may not be in everyone’s best interests as they could lose valuable benefits which can’t be replaced. Those that are interested in transferring should speak to a financial adviser before making a decision.
A salary exchange arrangement is a simple, tax efficient way for you to contribute to your employees' pension plans and improve their benefits package. Find out more about salary exchange.
Speak to your adviser to find out more about Royal London’s contribution options. Find out more about our workplace pension.