Help Centre for Payroll bureaux

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
Over a short period of time, NOW: Pensions has established itself as a respected and credible player in the UK workplace pensions market attracting thousands of employers and hundreds of thousands of members. Joining the team at such a crucial time… — Jocelyn Blackwell, Founder of Dunnett Shaw and Raising Standards in Pensions Administration
“Redington’s Investment Committee assigned an Approved Rating to the NPI DGF and positive on the fund.” — Redington
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
NOW: Pensions' risk management and diversified growth fund are state of the art. — Win Robbins, former Head of European Fixed Income Barclays Global Investors