Types of pensions

Net-pay schemes

Types of pensions

A type of pension arrangement whereby contributions into a pension are made directly from gross pay, i.e. before income tax is deducted. As opposed to relief at source schemes, tax relief is automatically received as taxable pay is reduced by the amount of the pension contribution, on which no tax is payable.

Net-pay schemes are the norm for workplace schemes.

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Our customer support team is rated "Excellent" and is always on hand to help you during the setup process and once you have your new pension. There are 3 ways you can contact us:
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Log in to our website and chat to us

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Email us on support@myraindrop.co.uk

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Call us on 02039517253