If your employer pays directly into your pension, or you’re self-employed and manage your own company pension contributions, you can now arrange to make one-off contributions to your personal pension from your company account using a desktop or tablet. Here’s how:
1. Set up a Nutmeg pension
If you already have a Nutmeg account
Start a pension by choosing 'Start or transfer a pension' on your Home page once signed in. If you have already started a pension previously you'll see a button to 'Review and add money' on the draft pension at the bottom of your dashboard.
If you are not yet a customer
- Click on 'Invest now' and enter your email address.
- Select 'Personal Pension'.
- Complete the basic pension details that you are comfortable with — timeframe and risk. In the contributions section select ‘ Add Employer Contribution’
- Set the sliders or values for a one-off employer contribution, a monthly employer contribution, or both.
When you’re happy, continue and follow the steps completing our risk assessment and your personal information to create an account. When you arrive back at the pension set-up page to review, continue with the steps below.
2. Continue the pension set-up
Continue through the set-up process providing beneficiary details, pension protection and enhancement factors, and any personal contributions or pension transfers if you’re planning any.
3. Register your company details
On the Employer contributions step select ‘Yes’ to “Will your employer be making any contributions to your pension?” and enter your company’s registration number.
If your company is not registered with us, you’ll need to enter the following information:
- Company name
- Company registered address
- Company phone number
- Employer email address
- Employer HR contact
- HR email address
- Company bank information: bank name, address account number and sort code
Once complete, or if your company is already registered, add your one-off or monthly contribution amounts and continue.
Review and confirm the final step of the pension set up.
4. Collecting the Payment
After submitting your pension application we’ll contact your employer using the details provided to arrange the collection of any one-off or monthly contributions.
Once your company has confirmed the collection details, the first one-off payment will be completed within 15 working days.
Further one-off contributions will complete within 5 working days.
Need any help? Just give us a call: 020 3598 1515
Don't forget carry forward allowance
You may be able to pay more than just this year's allowance into your pension by using your carry forward allowance from the 3 previous tax years. You must have been a member of a registered pension scheme and earned the amount you are carrying forward. See Carrying forward your pension allowance article.