Please note: Payments into a Select Pension Plan will be applied proportionally across your current fund holding, which may be different to your original investment. 

If you would like your payment to be applied in a way that is not proportional to your current fund holdings; would like to make changes to your existing fund choices; or change the bank account details that we hold for you, please contact us through the following web form or by calling 0800 980 8229.

Your account

Your payment

The standard annual allowance is £60,000. This means that the maximum you can pay for any one year is £48,000 and tax relief will be added to this so that your total pension contribution will be £60,000.

However, you can use unused annual allowance from the last three tax years. This is known as carry forward. If you have not used any of your annual allowance for these tax years and your earnings allow it, the maximum you can pay into a pension is £144,000. Tax relief will be added to this so that your maximum pension contribution is £180,000.

If you exceed the annual allowance, you will have to pay a tax charge on the excess.  

The maximum that you can pay into a pension using this service is £100,000. If you would like to pay in more, please call us on 0800622323.

The minimum amount you can pay into your pension through this service is £800, tax relief will be added to your payment.

About you

Contact details

Your payment will be made into your Select Pension Plan.

Before proceeding we ask that you familiarise yourself with the key features of the Select Pension Plan:

Key Features of the My Investments Select Pension Plan [PDF: 225KB]

Payments into your Select Pension Plan will be applied proportionally across your current fund holding, which may be different to your original investment. 

If you have a My Investments account you can log in and view your current fund allocation. If you would like to speak to someone about your Select Pension Plan you can call us, 9am-5pm Monday to Friday, on 0800 980 8229.

More information on how funds are cleared, the pricing of units and other important information can be found in NFU Mutual My Investments Terms and Conditions:

NFU Mutual My Investments Terms and Conditions [PDF: 506KB]

Fund charges are associated with each of the funds we offer, these charges are deducted by the fund manager to cover the costs of setting up/managing their funds.

Please review the charges for the funds that your Select Pension Plan payment will be invested into:

My Investments guide to charges [PDF: 164KB]

This is an example illustration to show the effects of charges on potential returns from a specific fund. You will receive a personalised illustration based on the amount you invest and your current fund holding.

Select Pension Example Illustration [PDF: 222KB]

Please also familiarise yourself with the funds that your payment will be invested in by reading the appropriate Key Investor Information Document(s):

abrdn Global Sustainable and Responsible Investment Equity Fund Key Investor Information Document

abrdn UK Real Estate Feeder Fund Key Investor Information Document

Columbia Threadneedle High Yield Bond Fund Key Investor Information Document

Jupiter UK Smaller Companies Fund Key Investor Information Document

NFU Mutual Gilt and Corporate Bond Fund Key Investor Information Document

NFU Mutual Global Growth Fund Key Investor Information Document

NFU Mutual Mixed Portfolio 20 – 60% Fund Key Investor Information Document

NFU Mutual Mixed Portfolio 40 – 85% Fund Key Investor Information Document

NFU Mutual Mixed Portfolio 100% Fund Key Investor Information Document

NFU Mutual With-Profits (Risk Level 2) PN Series D1 Key Investor Information Document

NFU Mutual With-Profits (Risk Level 3) PN Series D1 Key Investor Information Document

NFU Mutual UK Equity Income Fund Key Investor Information Document

NFU Mutual UK Growth Fund Key Investor Information Document

You will be making a single payment of into your Select Pension Plan, plan number: .

Your payment will be applied proportionally across your current funds, which may be different to your original investment. 

Declaration

We ask all plan holders to make the following declarations when making a single payment into a plan.

I declare that:

I agree to be bound by the Scheme rules as amended from time to time.

I agree to NFU Mutual Select Investments Limited’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 or With-Profits Investor Information Document for the fund(s) I am investing in and I note that I can ring 0800 980 8229 with any questions I may have about their contents. 

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 and I will inform NFU Mutual immediately in writing of any change in my eligibility.

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. 

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

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. 

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

By completing and submitting this form you acknowledge you have received and read NFU Mutual's privacy policy. 

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

1. Who is incapable by reason of mental disorder of managing and administering his/her property or affairs; or
2. 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 further confirm they have received the MSIL Privacy Statement which explains how personal data is processed. They confirm if they have provided personal data including sensitive personal data (such as health information) they are authorised to do so. 

We also ask that owners of plans on behalf of minors make the following declarations when making a single payment into a plan.

I declare that I am 18 years of age or over and that:

• I have parental responsibility for the child or I am a legal guardian for the child.
• The child is resident in the UK for tax purpose.

I authorise NFU Mutual Select Investments Limited (MSIL):

• To hold the child’s subscriptions and any other rights or proceeds in respect of those investments and cash; and
• To make on the child’s behalf any claims to relief from tax in respect of Pension contributions; and

I understand that unless the member is in poor health, the benefits from this plan cannot be accessed until age 55 (or such later age as set by legislation at the time).

I have completed the top-up application on behalf of the minor and I will be responsible for ensuring that for as long as the child is a minor, the obligations under the plan are met. During this time the minor will remain the beneficial owner of the plan.

I declare that the total contributions to this plan and any other registered pension scheme for the child will not exceed the higher of the basic amount (currently £3,600), or 100% of the child's Relevant UK Earnings for that tax year. I agree to inform MSIL immediately in writing if any event occurs meaning the child will no longer be entitled to tax relief for payments to this plan - for example if the child stops being a relevant UK individual.

Where to transfer your payment

Payments must be made from the bank account registered to your My Investments account. If you would like to pay from another bank account, please call us before you make your payment.

Account name: NFUM Trustee Limited
Sort code: 20-83-08
Account number: 70687510
Payment reference:

Please send the payment from your personal bank account to us within 5 days. If we do not receive your payment by this time we will assume you no longer wish to proceed - you won't need to take any further action.

Once received your payment will be processed within five working days.