Contribution options

It's important to set up a competitive and rewarding contribution structure for your employees pension.

 Our workplace pension scheme supports a range of contribution options.

Regular contributions

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 2021/22 tax year.

Single contributions

Both you and your employees can make single contributions at any time.

Transfer payments

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.

Salary exchange

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.

Find out more

Speak to your adviser to find out more about Royal London’s contribution options. Find out more about our workplace pension.

The Royal London Mutual Insurance Society Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England and Wales number 99064. Registered office: 55 Gracechurch Street, London EC3V 0RL.