Group Personal Pensions - GPP

Where the business offers a Group Personal Pension (GPP), you must:

  • Offer membership of the scheme to all employees aged at least 18. This applies to all staff who have been employed by you for at least three months and includes part-time and any contract/temporary staff;
  • Document the offer of membership and the contribution basis with each employee;
  • Ensure the scheme does not impose penalties if the employee decides to stop contributing or transfers out of the scheme;
  • Pay employer contributions to the GPP for each employee, of at least 3% of basic earnings. These contributions can be conditional on the employees contributing up to 3% of their basic pay.*

* If a GPP was set up before 8th October 2001 where you have insisted that matching employer/employee contributions are higher than 3%, this can continue, however all the other criteria must be satisfied.

To have an independent expert get in touch with you to offer some basic advice, simply enter your details below.

Enquiry Type

Full Name:*

E-mail Address:*

Telephone Number:*:

Postcode:

Preferred Contact Time:

On pressing the send button you will be contacted by Hello Finance Ltd who will ask some relevant questions about your pension requirements and then pass you onto an independent pension advisor in your area.

The Pensions Network web site is operated by Hello Finance Ltd and introduces clients to independent financial advisors. Hello Finance Ltd does not provide any finance advice and only acts as an introducer to regulated companies.

Hello Finance Ltd is registered in Wales under CRN 05501378 and our registered office and business address is
7 Fidlas Road, Llanishen, Cardiff. CF14 0LW. Our telephone number is 02920 762249. Our e-mail address is accounts@hellofinance.co.uk