Making single contributions

1 February 2021

Use our support material

A pension is one of the most 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 on their employee hub they can use. You can download our support materials below and from the employee engagement toolkit.

Poster


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Postcard

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Digital banners

Download your rotating digital banner:

Employer to employee template wording
(Basic rate taxpayers)

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Employer to employee template wording
(Higher rate taxpayers)

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If you’d like printed copies of the poster or postcard just send us a note of how many you’d like and where to send them to.

Making a single contribution

All contributions made into your employees’ pension plan are invested with the aim to make them grow, however investment returns are never guaranteed. This means their value can go down as well as up and they could get back less than they put in. There’s lots of information around this on your employee hub. Your employees may want to speak to an adviser before making a decision. If they don’t have an adviser, they can find one at royallondon.com/find-a-financial-adviser. Advisers may charge for their services – though they should agree any fees with you upfront.

There’s a limit to how much your employees can save into a pension each tax year before they must pay tax, known as the annual allowance. The 2020/21 limit is £40,000. An adviser will be able to help if your employees have any questions about this before making a single contribution.

More information

To find more articles with support materials for your employees, take a look at Pension Matters.

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.