Making a single contribution

28 January 2022
Use our support materials to help your employees give their pensions a boost.

Pensions are one of the most efficient ways your employees can save for their future. So alongside their regular contributions, making an additional single contribution, could give their savings an extra boost.

We’ve made it really easy for you to engage with your employees about making a single contribution. You can download our support materials below and from the employee engagement toolkit.

Poster

Download

Postcard

Download

Yammer banner

Download

Employer to employee template wording
(Basic rate taxpayers)

Download

Employer to employee template wording
(Higher rate taxpayers)

Download

How to make a single contribution

We’ve made it really easy for your employees to make a single contribution. There’s an online form on their employee hub, or they can use our mobile app.      

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.

There’s also 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.

Your employees may want to speak to an adviser before making a decision. An adviser will be able to help if your employees have any questions before making a single contribution. 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 them upfront.

More information

To find more support materials for your employees, take a look at our support material hub.