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FOR ADVISERS ONLY

Making single contributions

12 February 2021
As the tax year end approaches your clients’ employees may benefit from knowing that alongside their regular contributions, they can also make single contributions to give their pension savings a boost.

We’ve made it easy for your clients to engage with their employees about this and to tell them how to make a single contribution if they decide they want to go ahead.

Our support materials

We have a range of engagement materials available for them to use and available from the employee engagement toolkit which you can share with them.

These include a:

If your clients would like printed copies of the poster or postcard they can send us a note of how many they’d like and where to send them to.

Making a single contribution

All contributions made into a scheme members 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 for scheme members on their employee hub.

There’s a limit to how much scheme members 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.

This website is intended for financial advisers only and shouldn't be relied upon by any other person. If you are not an adviser please visit royallondon.com.

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. The firm is on the Financial Services Register, registration number 117672. It provides life assurance and pensions. Registered in England and Wales number 99064. Registered office: 55 Gracechurch Street, London, EC3V 0RL.