Members - NOW: Pensions (2024)

Home Members

We're here to help you save for a more financially secure future.

Popular content

Manage my pension keyboard-arrow-right

Stopping contributions keyboard-arrow-right

When can I take my pension savings? keyboard-arrow-right

Pension basics

Visit this section

question-help-square What is a pension? Your pension is a long-term savings plan which can help you save for your retirement in a tax-efficient way.
calendar-1 About auto enrolment Your employer can help you save for your retirement by enrolling you into a workplace pension and contributing to it.
check-2 Are pensions worth it? Are yousaving enough foryourretirement? We explain why it’s important tostart saving as soon as possible.
settings-slider What is a State Pension? The government pays you a State Pension based on your lifetime National Insurance contributions at the pointyoureachyourState Pension age.

Members - NOW: Pensions (1)

Manage my pension

Visit this section

business-ladder Getting started

It’s simple.Your employer will put you intoa workplace pensionas soon as you become eligible to be auto enrolled.

question-help-square Stopping contributions

After you’ve been auto enrolled into a workplace pension, you still have the option to stop paying into the scheme.

time-clock-circle-2 Log in to my pension

We’ll send you details explaining how to set up your online member account, so you can manage your pension 24/7.

email-action-upload Transfer my pension

Find out how youcantransfer yoursavingswith usto another pension provider. We don’t charge you to do this.

Investment and climate change

Our Task Force on Climate-Related Financial Disclosures (TCFD) report includes the metrics, scenarios, and targets we’ve set and the investment decisions we make to address climate change.

We’re committed to investing sustainably, with a target to achieve net zero by 2050.

Read report

Members - NOW: Pensions (3)

Investing your savings

Visit this section

accounting-calculator Our costs and charges explained

Our charges cover administration fees for the day-to-day running of the Scheme, management fees for investing your money and transaction costs for buying and selling investments.

business-human-plant How we invest your savings

We want to help you understand investment performance as it plays an important part in helping your pension savings grow.

pencil-write My annual benefit statement

Your annual benefit statement gives you a handy snapshot of your pension savings, which can help you plan for the future you want.

saving-safe-1 Protect your pension savings

Pension scams are on the increase. Read our guidance on how to protect your savings from scammers and where to find help if you think you’ve been scammed.

My retirement

From working out how much money you’ll need, to deciding how to take your pension savings, we’ve got it covered.

Learn more

Member FAQs

View all FAQs

Even if you miss your opt-out window, you can still leave the Scheme at any time. The quickest way to do this is to log in to your online member account at, select your job contract on the dashboard, select ‘Opt out’ and follow the on-screen instructions. You’ll get a letter saying you have successfully left the Scheme and you and your employer will stop making pension contributions.

Remember, if you miss the opt out window your employer can’t refund your contributions. They will stay in the Scheme and be invested until you retire and take your benefits, or transfer them out to another pension provider.

Yes, you can make additional savings. The more you save for your retirement, the more income you’ll have – so it makes sense to save as much as you can afford.

You make additional savings by paying additional voluntary contributions (AVCs). These are extra contributions you make on top of your standard contributions to build up more retirement savings. You’ll benefit from the same tax relief as your standard contributions.

You can contribute up to 100% of your salary towards your pension savings and still get tax relief, as long as the combined contributions from you and your employer are below the annual allowance. This applies to all the pension schemes you’re actively saving into, including our Scheme and any personal pensions you have.

From 6 April 2023 the allowance increased from £40,000 to £60,000.

The annual allowance could reduce to £10,000 a year if you start taking retirement benefits but also carry on saving into a pension. This reduced annual allowance is called the money purchase annual allowance.

Yes, you can transfer into NOW: Pensions – although you will need to check the Scheme can accept the transfer, as not all pension savings can be transferred in. The Scheme Trustee will need to approve your transfer.

Transferring your other pensions into the Scheme could make managing your pension easier and save on charges.

To find out more, use ourmember contact form, or email To help us help you faster, please quote your full name and address, plus your NOW: Pensions contract ID and National Insurance number in the email.

You can also call our member support team on0330 100 3334 from 9am to 5pm, Monday to Friday. When you contact us, please quote your full name and address, plus your NOW: Pensions contract ID and National Insurance number. We might record your call to help us improve our service to you.

Transferring your pension savings is a big decision that you need to think about carefully. It may be worth getting help from a regulated independent financial adviser.

Help with finding independent financial advice

The Money Advice Service (part of the government’s Money and Pensions Service) has information about choosing an independent financial adviser and a directory of independent financial advisers that specialise in retirement. Visit or call 0800 138 7777. You’ll find the directory at

The Personal Finance Society (PFS) has a What we do for the public section. This also includes a directory you can filter to find independent financial advisers that specialise in retirement planning. Visit

You should check the qualifications of any independent financial adviser you’re thinking of using. They must be qualified to Level 4 (or above) of the Qualifications and Credit Framework and have an up-to-date Statement of Professional Standing. You should also check whether they’re on the official register of the Financial Conduct Authority (FCA) which regulates independent financial advisers in the UK. You’ll find this at

Other useful organisations

The following organisations also offer free, impartial information and guidance to help you understand pension savings. They don’t offer personalised financial advice.

  • The Pensions Advisory Service can help with questions about workplace, State or personal pensions. Visit or call 0800 011 3797.
  • Pension Wise has guidance on retirement options. Visit If you’re over 50 you can book a phone or face-to-face appointment by calling 0800 138 3944.
  • Citizens Advice has information about all types of pension. Visit or call 03444 111 444 for a face-to-face appointment.
  • Your employer will put you into the Scheme as soon as you become eligible to be auto enrolled.
  • If you qualify when you join your employer, you’ll be auto enrolled immediately. See Who qualifies to be auto enrolled into a workplace pension?
  • Contributions to your pension savings in the Scheme will automatically come out of your pay from the first payroll date after you qualify.
  • Your employer contributes from the same date.
  • If you pay tax, you get tax relief on your pension contributions.
  • Your pension savings are invested to help them grow.
  • You can access the pensions savings you have grown with the Scheme at any time from age 55 onwards to provide retirement benefits.

You’ll be able to manage your Scheme membership and monitor your pension savings and online through your own Gateway account. You’ll get a new member account email with details of how to log in.

If you have been enrolled, you always have the option to opt out of the Scheme. You’ll receive an enrolment letter (usually via email) explaining how to do this. But, if you opt out, you won’t build up any pension savings with your employer’s help. See the Stopping contribution FAQs section for more about this.

Watch our short video which explains how pensions work.

If you leave your employer, they will tell us your leaving date. We’ll send a statement to your home address showing the value of your pension savings in the Scheme at your leaving date.

If you opt out of the Scheme without leaving your employer, the date you leave will be shown on the Gateway member website. But remember, you may be re-enrolled again in the future.

Either way, once you’ve left the Scheme you won’t pay any more contributions and neither will your employer. Your pension savings will stay invested. We’ll send you a benefit statement every year showing the value of your pension savings. You’ll continue to pay charges on your pension savings and you can find out more about these in our costs and charges booklet.

You can leave your pension savings invested until you retire and take your benefits. Or, you can transfer your pension savings in to NOW: Pensions from another pension provider or out from NOW: Pensions to another pension provider. We don’t charge you to transfer your benefits in or out.

You might want to transfer in or out so you can put all your pension savings together in one place. This could help you maximise your retirement income, as you could get better rates for your retirement benefits if you have one larger pot rather than several small ones.

Transferring out is a serious step and you should look into it carefully. See the Transfers FAQs section for more about transferring out.

Keep your details up to date
It’s always important to keep your details up to date. It’s even more important if you leave your employer, as we need to know where to contact you. You can tell us about changes to your personal details in the following ways:

Online:Use ourmember contact formfor the fastest way to get help with your query. To help us help you faster, please quote your full name and address, plus your NOW: Pensions contract ID and National Insurance number in the email.

Call:our member support team on0330 100 3334from 9am to 5pm, Monday to Friday. When you contact us, please quote your full name and address, plus your NOW: Pensions contract ID and National Insurance number. We might record your call to help us improve our service to you.

Write to:NOW: Pensions, Maclaren House, Talbot Road, Stretford, Manchester, M32 0FP

Members - NOW: Pensions (2024)
Top Articles
Latest Posts
Article information

Author: Aracelis Kilback

Last Updated:

Views: 6524

Rating: 4.3 / 5 (64 voted)

Reviews: 95% of readers found this page helpful

Author information

Name: Aracelis Kilback

Birthday: 1994-11-22

Address: Apt. 895 30151 Green Plain, Lake Mariela, RI 98141

Phone: +5992291857476

Job: Legal Officer

Hobby: LARPing, role-playing games, Slacklining, Reading, Inline skating, Brazilian jiu-jitsu, Dance

Introduction: My name is Aracelis Kilback, I am a nice, gentle, agreeable, joyous, attractive, combative, gifted person who loves writing and wants to share my knowledge and understanding with you.