A pension that's good for the planet

Can I transfer another pension to my CIRCA5000 Personal Pension?

Sure, you can transfer pensions from other providers to your CIRCA5000 personal pension and we don't charge any fees to do this. You can begin a transfer once your CIRCA5000 pension has been opened by tapping 'Transfer In'. Please be aware we can't accept transfers of the following: Pensions which are in drawdown; A full transfer of an employee pension if your employer is currently contributing towards it (unless your scheme allows you to make a partial transfer out without losing employer contributions); Defined Benefit pension schemes; Pension which provide safeguarded benefits. If you're unsure whether the pension you're wanting to transfer is one of the above please speak with your current pension provider who'll be able to confirm this for you. Please note: If you're transferring benefits from another pension which has tax-free cash protection, this protection may be lost on transfer.

What are the tax benefits of a CIRCA5000 Personal Pension?

For any contributions made to your CIRCA5000 Personal Pension you’ll receive a 25% top-up from the Government. This means if you add £1000 to your CIRCA5000 pension you’ll receive a top up payment of £250 in basic rate tax relief from the Government. We'll automatically claim this basic rate tax relief for you so there's nothing more you need to do. It takes about 8-12 weeks for tax relief to land in your account and it will appear as a transaction in your Activity section. Any receipts of tax relief that are over £5 in value will be scheduled to be invested within 1-2 working days If you pay income tax at a higher rate than the basic rate you can claim further tax relief from HMRC. HMRC contribution limits apply. This is usually done via your self-assessment. You will receive this tax relief rather than it going into your pension plan, but it does make your contribution even more cost-effective. CIRCA5000 does not facilitate tax relief claims above the basic rate tax relief. CIRCA5000 does not provide tax advice and if you are unsure what relief you are entitled to you should consult your tax adviser. Tax and pension rules are subject to change.

How do I contribute to my CIRCA5000 Personal Pension?

You can choose to make one-off contributions as and when you like, or set up a regular contribution which will be collected automatically - or even both. The minimum contribution must be £5 and can only be collected from your registered debit card. You can make a one-off contribution by opening your account and tapping ‘Add money.’ Or you can set up regular contributions by tapping the 'Regular payments' button and following the easy steps. You have the flexibility to increase, decrease (or even stop) your regular contributions at any time if you need to.

How much can I contribute to my CIRCA5000 Personal Pension?

You have an annual allowance of how much can be paid into your pension each tax year. Your annual pension allowance is usually your annual salary, up to a maximum of £40,000 (however, this may vary depending on your circumstances). Please be aware that your allowance includes your own personal contributions as well as the basic rate tax relief received from the Government. This does depend on if you have paid tax or not on your income, so if you are unsure about your personal allowance, please contact our support team with any questions, or contact a financial adviser.