How payments are made

There are two ways that you can make payments into your pension - either through salary exchange or by deduction from after-tax earnings (by "after-tax" we mean after income tax and National Insurance). Both methods give you tax benefits, but they work in different ways.

If your earnings are below the personal allowance for income tax you won’t benefit from tax relief on your personal contributions as you don’t pay income tax. However, this doesn’t affect the amount that is paid into your pension and you’ll continue to benefit from the money that your employer pays in.

Your employer may call salary exchange something different, like salary sacrifice or SMART pensions, but they work in the same way.

To find out which method applies to you, ask Howdens or read your plan information documents.

Select your payment method for more information:

Tax rules and limits may change in the future. The information here is based on our understanding in April 2021. Your own circumstances - including where you live in the UK - also have an impact on tax treatment. Find out more about how tax rates can differ on gov.uk.

Important documents

To help you make an informed decision we've provided you with important information that you should read. You should print or save copies of these documents for future reference.

This is where you will find specific details about your employer’s company pension.

Plan summary document (PDF, 73kb)

This document explains the features of the pension product your employer has chosen.

Key features document (PDF, 288kb)

This document gives you an illustration of what your pension could be worth.

Key features illustration (PDF, 164kb)

Read this guide for more information about how pensions work if you make payments through salary exchange.

Planning for more in retirement  (PDF, 2.31Mb)

Read this guide for more information on your investment options, including details about charges and fund codes.

How to choose the right investment options for your pension (PDF, 1.17Mb)

Use this form if you would like to join the plan and you aren't being automatically enrolled.

Authorisation form (PDF, 258kb)

Read this form for more information on Salary Exchange. This form has been provided by Howdens. Standard Life aren't responsible for the content of this guide.

Salary exchange factsheet (PDF, 203kb)

Presentation for members of the Howden Joinery Auto Enrolment Pension Scheme.

The Howden Joinery pension presentation (Recording)