Pensions are one of the most tax-efficient ways your employees can save for their future. Alongside their regular contributions, they can make single contributions to give their pension a boost.
We've made it really easy for you to engage with your employees about making a single contribution. And if they decide to go ahead, there’s an online form they can use as well. You can download our support materials below.
If you'd like printed copies of the poster and postcard just send us a note of how many you'd like and where to send them to.
All contributions made to your employees’ pension plan are invested, and investment returns are not guaranteed. This means their value can go down as well as up and they could get back less than they put in. There is lots of information around this on your pension scheme website. They may want to speak to their adviser before making a decision. If they don’t have an adviser, they can find one at unbiased.co.uk.
There’s a limit to how much your employees can save into a pension each tax year, before they have to pay tax, known as the annual allowance. The 2019/20 limit is £40,000. An adviser will be able to help if they have any questions about this before making a single contribution.
If you have employees who may be higher or additional rate tax payers, you can use this email wording to highlight the limits and tax benefits that may apply to them. It also explains how they can make the most of these in the run up to the tax-year end.
To find more articles with support materials for your employees, take a look at Pension Matters.