Help Centre for Employers

How are employee contributions collected?

All contributions to NOW: Pensions are made through the employer. They deduct the contribution from your pay and forward this to us, together with their contribution.

Our process is defined by HMRC as a ‘net pay arrangement’. This means any contribution you make is deducted before income tax is calculated.

If you are a taxpayer, this means that you automatically get income tax relief on your pension contributions at the highest applicable rate.

If you do not pay tax, you will not receive tax relief on your pension contributions. However, this doesn’t affect the amount that is paid into your pension.

NOW: Pensions has announced that it will top up non taxpayers’ pension pots for the 2015/16 tax year. For more info click here.

I've known ATP for many years and have enormous respect for the effectiveness of their investment strategy. I'm convinced that NOW: Pensions can become a major player in the UK and look forward to being a part of that success. — Chris Daykin, the former Government Actuary
...its simple design means the pressure is taken off us as the employer and avoids costly administration charges, whilst removing the burden of choice and ensuring the best possible retirement outcome for our employees. — Matthew Johnson, Head of Compensation and Benefits at Adecco Group UK & Ireland
We decided to appoint NOW: Pensions because of the simplicity and robustness of its scheme. The NOW: Pensions product is both cost effective and straightforward to implement... — Mark Roberts, Managing Director at gap personnel
I am excited to be joining such a distinguished Board of Trustees, over-seeing a modern, transparent, cost efficient and high-performing pension fund. — Win Robbins, former Head of European Fixed Income Barclays Global Investors
I firmly believe in NOW: Pensions' principle that everyone deserves the right to a better retirement. I look forward to being part of the team which aims to achieve this in the UK. — Win Robbins, former Head of European Fixed Income Barclays Global Investors