Financial advisers Clear competitive charges

Our pricing is designed to meet the needs of businesses of all sizes, while being transparent and fair to members.

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Our charges

Our charges depend on:

  • how many active members are enrolled into your workplace pension
  • whether you work directly with us, or with a payroll bureau.

Our monthly employer services charge includes:

  • step-by-step guidance to managing your client’s workplace pension with us
  • access to the now:u website where you can quickly and easily upload pension details for your clients
  • clear, easy-to-understand communications that meet statutory requirements, sent to your client’s employees by email
  • access to help and support from a network of local relationship managers, and
  • dedicated webchat and phone helpline.

Our employer service charge is just £36 (+VAT) per month when you work directly with us. If you’re using the services of a payroll bureau to manage your payroll and provide us with data, the employer service charge starts at £12.50 (+VAT) per month.

Number of workers paying in Monthly charge Discount
Workplace working directly with now:pensions Any £36.00 + VAT 0%
Workplace with payroll bureau using now:pensions 1-4 £12.50 + VAT 65%
Workplace with payroll bureau using now:pensions 5 and over £20.00 + VAT 44%
Any workplace 0 £0 100%

We don’t charge any set-up fees. 

If you have any questions or want to discuss our charges, please email us.

We may be able to offer bespoke pricing for larger workplace clients or those with an existing workplace pensions arrangement. Get in touch with us at new-business@nowpensions.com.

 

Charges for workers at a glance 

Charge For Amount
Administration  Running the pension £2 a month – £24 a year  
Investment management Investing the pension savings 0.3% of value of pension savings each year  

These charges still apply if a worker stops paying in to their now:pensions savings. The charges could eat away their pension savings over time. It may be sensible for workers who aren’t paying in any more to think about:   

  • transferring their now:pensions savings out to another provider, or   
  • transferring other pensions they’ve got into now:pensions.    

In line with the law, we don’t take the whole administration charge if this would make the value of a member’s pension savings lower than £100. We don’t charge workers to transfer their savings out, or transfer other pensions in.  

The benefits of now:pensions

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Trusted by over 20,000 organisations and 2 million members

now: that’s reassuring

Access to a nationwide client relationship management team

now: that’s different

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Help keep your clients compliant by sending statutory worker comms

now: that’s better

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Give employees control of their pension 24/7 with our now:u app

now: that’s easy