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.

NOW: Pensions' risk management and diversified growth fund are state of the art. — Win Robbins, former Head of European Fixed Income Barclays Global Investors
NOW: Pensions is supportive, easy for our employees to understand and uncomplicated in terms of its implementation. Its structured approach removes the complicated investment choices & makes auto-enrolment a straightforward and simple process. — Mark Manaton, Managing Director, Blue Arrow Group
I am backing NOW: Pensions, the ATP project, because I believe it will encourage transparency, low costs and decent returns for millions of British employees. — Nigel Waterson, former Shadow Pensions Minister
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'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