Help Centre for Employers

Net pay top up – how it works

There are two ways pension schemes can collect the tax relief that savers benefit from when contributing to a pension: net pay and relief at source. You can find out more about the difference between net pay and relief at source here.

In relief at source schemes, all savers receive tax relief even if they don’t pay income tax but in net pay schemes there is no way for non-taxpayers to claim this relief.

Top-up for members’ pension funds

The government is considering how to address this inequality, but in the meantime, NOW: Pensions has committed to ensuring those who do not pay income tax are treated fairly.

For scheme members in respect of the 2018/19 tax year, NOW: Pensions is offering to top up members’ pension funds by the amount they would have missed out on.

Members who have paid into the NOW: Pensions scheme in the 2018/19 tax year and have total earned income for the year of less than £11,850 per annum, may be eligible to receive our top-up.

The window to claim our tax top-up for the 2018/19 tax year is now closed. Please check back later in the year for details about how to claim for the 2019/20 tax year.

NOW: Pensions has a good technical infrastructure combined with a pension product suitable for our team. We couldn’t be happier with NOW: Pensions.
Martin Woods,