Open a pension with a single payment

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About opening a pension

This form enables you to make a request to open a new Select Pension Plan for yourself or a child with a single payment.

After submitting your request we will carry out the required checks in order to set up your pension. Once these have been completed we will contact you to invite you to make payment into your pension. We will then be in touch to confirm that your money has been successfully invested.

If you would like to open a Select Pension Plan with regular payments, please call us on 0800 622323. Or, if you would like to top up an existing pension or make a payment into a different plan, please visit 'how to top-up your plan'.

About this service

When you open a Select Pension Plan with a single payment via this form you should be aware that you will be transacting with us through our direct service.

Our direct service is brought to you by NFU Mutual and NFU Mutual Select Investments Limited.

When you transact through our direct service we are not in a position to assess what is right for you when it comes to investing in a pension. You therefore are responsible for ensuring that any investment you make directly with us is suitable for you.

Further information about our direct service and how we operate can be found in Our Terms of Business [PDF: 2.7MB], please familiarise yourself with this document.

Before proceeding we ask that you read and confirm the following:

When you open a pension with a single payment you are aware that you will be transacting through NFU Mutual's direct service and are happy to proceed on this basis?

Before proceeding we require that you confirm that you are happy to transact through our direct service.

If you would like more information about our direct service or would like to speak to someone about your investment options please call us on 0800 622 323.

You can set up a Select Pension Plan for yourself or for a child. Before choosing who you would like to set up a Select Pension Plan for we ask that you familiarise yourself with the key features document:

Key Features of the Select Pension Plan [PDF: 261KB]

Would you like to open a Select Pension Plan for a child?

Please confirm that you have read and familiarised yourself with the Key Features of the Select Pension Plan:

Yes, I have
No, I haven't

In order to proceed we need you to confirm that you have read and familiarised yourself with the Key Features of the Select Pension Plan.

About you

Title:

Gender:

Nationality:

British
Non-British

Marital status:

Employment status:

Date of birth:

Are you a resident in the UK for tax purposes?

In order to open a pension you must be a resident in the United Kingdom for tax purposes.

Contact details

Telephone number:

About the child

Bank account details

When you enter your bank account details we are not requesting that you pay us, these will be used to electronically verify you and the bank account that you will make your payment from.

After successful verification we will contact you with an instruction to pay. If we cannot do this, we will contact you for more information.

Please enter the details of the bank account that the single payment that will set up your pension will be made from.

Your transaction

You will be opening a Select Pension for yourself with a single payment, before tax relief, of £.

Your transaction

You will be opening a Select Pension for a child with a single payment, before tax relief, of £.

Declaration for applicants opening a Select Pension for themselves

We ask all applicants to make the following declarations when applying for a plan.

I apply to become a member of the NFU Mutual Select Personal Pension Scheme and I agree to be bound by the Scheme rules as amended from time to time.

I agree to NFU Mutual Select Investment’s terms and conditions and to pay its fees and charges, as set out in ‘My Investments Guide to Charges’.

I have read the latest Key Investor Information Document and/or With-Profits Investor Information Document for the fund(s) I am investing in.

I agree to the contributions specified in my application.

I confirm that I am eligible to apply for this plan based on the information provided as to relevant UK earnings (normally your total taxable earnings), UK residency or other qualifying criteria.

I confirm that I have been provided with the opportunity to obtain further details and that, if I have requested such information, it has been provided to me before I completed my application.

I declare that I have taken reasonable care that all statements made by me are true and complete. And, to the best of my knowledge and belief, the total payments to any registered pension scheme, in respect of which I am entitled to tax relief under Section 188 of the Finance Act 2004, will not exceed the higher of:

The basic amount for that tax year; or
My relevant UK earnings, within the meaning of Section 189 of the Finance Act 2004 for that tax year.

I understand it is my responsibility to declare, on my self-assessment tax return, any contributions to registered pension schemes and I will be liable to a tax charge on any contribution in excess of the annual allowance.

I will advise NFU Mutual Select Investments Limited, in writing, if any event occurs as a result of which I will no longer be entitled to tax relief on my contributions under Section 188 of the Finance Act 2004, by the later of:

The following 5 April, and
30 days after the event occurs.

I confirm any contributions paid before age 75 which are classed by HMRC as significant, will not be funded from any pension commencement lump sum paid from a registered pension scheme which would be regarded as recycling by HMRC.

I accept that NFU Mutual Select Investments Limited reserves the right to make electronic or other checks about the source of the money being paid into this plan and may refuse to accept the contributions being proposed, or request documentation to confirm the identity of any individuals, beneficial owners, businesses or entities associated with the transaction.

I agree to NFU Mutual Select Investments Limited deducting the amount of any scheme sanction charge, or other tax charge or fine or penalty levied by HMRC on NFU Mutual Select Investments Limited in respect of my Select Pension Plan from my pot. If the amount involved exceeds that available in my plan, I agree to pay the excess to NFU Mutual Select Investments Limited personally.

I confirm that I will provide any information I am required by HMRC to provide to NFU Mutual Select Investments Limited in respect of my money purchase annual allowance or annual allowance.

If this application and declaration are being made on behalf of a person:

Who is incapable by reason of mental disorder of managing and administering his/her property or affairs; or
Suffering from a physical disability by reason of which he/she has difficulty executing documents in respect of the management and administration of his/her property and affairs the person making it declares that, to the best of his/her knowledge and belief, all of the information given and statements made in the application are correct and complete, and all of the declarations made in the application are correct, and undertakes the obligations falling to the applicant and they are authorised to provide the information in this form.

They understand that they may be required to provide further information relating to their status in completing this application. They confirm if they have provided personal data, they are authorised to do so.

I authorise NFU Mutual to make an electronic record of my application.

I accept NFU Mutual's Privacy Policy.

Declaration for applicants opening a Select Pension for a child

We ask all applicants to make the following declarations when applying for a plan.

I apply to become a member of the NFU Mutual Select Personal Pension Scheme and I agree to be bound by the Scheme rules as amended from time to time.

I agree to NFU Mutual Select Investment’s terms and conditions and to pay its fees and charges, as set out in ‘My Investments Guide to Charges’.

I have read the latest Key Investor Information Document and/or With-Profits Investor Information Document for the fund(s) I am investing in.

I agree to the contributions specified in my application.

I confirm that I am eligible to apply for this plan based on the information provided as to relevant UK earnings (normally your total taxable earnings), UK residency or other qualifying criteria.

I confirm that I have been provided with the opportunity to obtain further details and that, if I have requested such information, it has been provided to me before I completed my application.

I declare that I have taken reasonable care that all statements made by me are true and complete.

I confirm that I will provide any information I am required by HMRC to provide to NFU Mutual Select Investments Limited in respect of my money purchase annual allowance or annual allowance.

I understand that the contributions paid to the Select Pension Plan may only be returned to the member in the form of benefits payable under the rules of the plan after the member attains the age of 55 (or such later age as set by legislation at the time), or earlier if the member is in poor health.

I have completed the application on behalf of the minor.

I will be responsible for ensuring that, for as long as the applicant is a minor, the obligations under the plan are complied with. During this time the minor will remain the beneficial owner of the Select Pension Plan.

I will be responsible for the contract as if I am a member of the NFU Mutual Select Personal Pension Scheme until the minor reaches the age of 18

If this application and declaration are being made on behalf of a person:

Who is incapable by reason of mental disorder of managing and administering his/her property or affairs; or
Suffering from a physical disability by reason of which he/she has difficulty executing documents in respect of the management and administration of his/her property and affairs the person making it declares that, to the best of his/her knowledge and belief, all of the information given and statements made in the application are correct and complete, and all of the declarations made in the application are correct, and undertakes the obligations falling to the applicant and they are authorised to provide the information in this form.

I authorise NFU Mutual to make an electronic record of my application.

I accept NFU Mutual's Privacy Policy.

Please confirm that you have read and agree to the above declaration:

I confirm

Marketing preferences

We would like to send you information about products and services offered by the NFU Mutual Group and will use your information to identify which products and services are most relevant for you.

We will always treat your personal details with utmost care and will never sell them to other companies for marketing purposes.

Are you happy for us to send you this information?

To find out more about how we use your personal information, please read our Privacy Policy.

By submitting this form you are happy for us to contact you regarding your enquiry.