1. Home
  2. Single contribution form

Single contribution form

​

Before you begin

This form is for members who'd like to make a single contribution into their Royal London pension. After you've completed the form, you’ll need to make a bank transfer using our payment details. We can only process your contribution once we’ve received your payment.

You can use this form if you want to make a payment into one of these pension types:

  • Retirement Solutions Group Personal Pension Plan
  • Retirement Solutions Group Stakeholder Pension Plan
  • Retirement Solutions Group Personal Pension Continuation Plan
  • Retirement Solutions Group Stakeholder Pension Continuation Plan.

You can find the type of pension you have in your latest pension documents or on your yearly statement.

This form is only for members whose contributions are paid from income that has already been taxed, as Royal London will claim basic rate tax relief from HM Revenue & Customs (HMRC) for you. Read our guide to learn more about tax relief.

Personal information collected on this form will be used to administer your request. To understand the detail of how we use your information you can read our privacy policy.

This form should take about 5 minutes to complete.

Important information

Please read this section carefully before completing this form.

You can use this form if:

  • Your main home is in the UK, and you spend most of your time living there.
  • You would like to invest a single payment in the same investment choice as your existing pension, directly with Royal London rather than through a financial adviser or your employer.

If you're an employer you should not use this form, you can find guidance on making a single contribution for your employees on our employer website.

We recommend you speak to a financial adviser before making a single contribution. Advisers may charge for their services though should agree any fees with you upfront.

The tax year ends on 5 April every year. As Royal London closes on English bank holidays, your contribution form and payment must reach us by 6pm on the last business day of the tax year.

Contributions received by this deadline will count towards this year’s tax allowance.

We sent you a pension booklet with your terms and conditions when your pension started. If you need another copy, just let us know and we'll send you one.

If you need any help, call us on 0345 605 0050 Monday to Friday, 8am-6pm (excluding bank holidays).

What you need to do

To make a single contribution, you'll need to:

  1. Provide your personal and contact details.
  2. Tell us how much you want to contribute.
  3. Read and accept the declaration, then submit the form.
  4. Make a bank transfer using our payment details.

Once you’ve done this, and we’ve applied your contribution to your pension, we'll send you updated documents.

1. About you

All fields are mandatory unless marked as optional.

Verifying your identity

When you joined your employer’s workplace pension scheme, we verified your employer's identity as they were making regular contributions into your pension on your behalf.

We need to check your identity to meet UK Money Laundering Regulations before you can make a contribution.

We use trusted partners to check your identity, comparing your details with the electoral register and fraud prevention records. This soft identity search doesn't affect your credit rating or appear to lenders.

By filling in your details, you agree to this check. If we can't confirm your identity, we'll ask for more information.

Your details

You will find this on your National Insurance card, benefit letter, payslip or P60 Please use the format AB123456C.

Contact details

We need your personal contact details to support your pension, if anything is missing, we may get in touch. Without these details, we will not be able to reach you if we require more information. By giving us your personal email address and mobile phone number you'll also get quick and secure updates about your pension.

This helps with the fulfilment of your request, for example in the resolution of any queries. If you have a plan with Royal London, it may also be used in conjunction with servicing and will also help us reduce the amount of paper we send.
This helps us handle your request smoothly and answer any questions you might have. If you have a plan with Royal London, it may also be used to support servicing as well as online security.

Your tax status

Select the option that reflects your current individual tax status based on your principal source of income."Other'" refers to caring for any children aged under 16, caring for a person aged 16 or over, in full-time education, unemployed or other.

2. Your single contribution

Government limits

The government limits how much you can pay into all of your pensions before you may have to pay tax. These limits include the Annual Allowance, Tapered Annual Allowance and Money Purchase Annual Allowance (MPAA).

This means you can receive tax relief on personal contributions up to 100% of your relevant UK earnings, but only up to the amount of annual allowance you have left. If you have no earnings, you can pay in £3,600, gross.

Tax treatment depends on current individual circumstances, and may change in future.

Before making your contribution, check how your new contribution may affect these limits by visiting our pension allowances guide.

Which bank account will the single contribution come from?

Tax relief applies only to contributions from UK-taxed personal income. Contributions from individuals outside the UK, self-employed or company accounts do not qualify unless treated as UK employer contributions under HMRC rules. 

If your contribution comes from an account other than your personal account, you'll need to complete a Confirmation of Verification of Identity Certificate (CVIC) form so we can carry out our anti‑money‑laundering checks. Please email the completed form to transfersin@royallondon.com and we’ll let you know if we need any more information.

 

Your single contribution

Is this the first time you've made a single contribution into your plan?
You will find the seven digit pension plan number on your yearly statement or other plan documents.

How to calculate your gross amount

Net contribution is what we'll take from your bank account. This is after any tax you may owe has already been deducted, so this is what you'll actually pay.

Gross contribution is what you'll see on your pension statement. This is your net contribution plus 20% tax relief, which we'll claim from HMRC for you, and is the total you will note in "Your gross single contribution".

To work out your single gross contribution, divide the amount we take from your bank account by 0.8.

Example: If you want to pay £1,000, divide it by 0.8. This gives a gross contribution of £1,250 (which will show on your pension statement). 

If you pay income tax at a higher rate than basic rate tax, you may be able to claim additional tax relief from your self-assessment tax return or by contacting your local tax office or by contacting HRMC.

3. Declaration

Please read and confirm your agreement to this section. If you're unsure about anything, call us on 0345 605 0050.

I confirm:

  • The information I’ve given is correct and complete, to the best of my knowledge and belief; and
    • I’ve carefully read this form and that all answers, including any answers not filled in by me are correct.
  • This form is to set up a single contribution to my current pension plan.
  • Royal London hasn’t given me financial advice.
  • If I’ve triggered the Money Purchase Annual Allowance (MPAA) with Royal London or any other provider, I’ve made Royal London aware of this.
  • I won’t pay more than 100% of my relevant UK earnings for the tax year into any of my registered pensions, or £3,600 if greater; and
    • I’m a relevant UK individual as defined in sections 188 and 189 of the Finance Act 2004; and
    • I’m under 75, I either live in the UK now or have done so in this tax year and I have relevant UK earnings, or I’m a Crown employee or a spouse, or civil partner of one; and
    • Because of this, I’m eligible for tax relief on my contribution, however, if I ever stop being eligible for tax relief, I’ll let Royal London know, either within 30 days of this change, or by 5 April of that tax year, whichever is later.
  • Royal London will invest my single contribution in the same fund as my current pension plan.
  • If I’m unsure about my tax position, I’ll get advice or visit our find a financial adviser page.

I accept:

  • Royal London can’t accept any contribution from my new employer.
  • Any extra contribution I make to my pension plan will be applied by Royal London in accordance with the scheme rules of The Royal London Personal Pension Scheme (No2) or The Royal London Stakeholder Pension Scheme (No2) as appropriate. If I need a copy of the scheme rules, I can contact Royal London.
  • If I cancel my contribution within the cancellation period, Royal London will refund it.
  • A contribution may affect my pension tax allowances, including the Annual Allowance and Money Purchase Annual Allowance (MPAA), and I know going over these limits may mean a tax charge.
  • I won’t be able to cash in, assign, or take as a lump sum, any pension bought by my pension plan except as allowed by Part 4 of the Finance Act 2004 (as amended).
  • I’ll tell Royal London within 91 days if I trigger the Money Purchase Annual Allowance (MPAA) in the future.
  • Investment returns aren’t guaranteed, so I may not get back what I put in.
  • Making false statements to get tax relief is a serious offence and may lead to prosecution.

I authorise:

  • Royal London to make my contribution to my pension plan as per the details of which are set out on the contribution form.

If you’re under 18 (or under 16 in Scotland) your legal guardian must agree to this declaration.