Pension balance
To see what has been and will be paid into your pension pot you must select the Pension balance option on Your pension.
Pension balance page
This will show you how much is currently in your pension, and how much you and your employer have paid in since you started contributing to it. Only the contributions that have already been invested will be shown in this valuation.
Please note, The total value shown is after fees, charges, withdrawals, adjustments and transfers out.
To change how much you contribute to your pension, please see Change how much you pay into your pension
Understanding your contribution
The breakdown of the contribution is shown in the screenshot. The definition of the different elements is shown below:
State - The current status of your contribution, ranging from "Pending" through to "Invested." Only contributions that have been invested make up your pot value.
Employee percentage - the percentage that you contributed.
Employee amount - the amount that you contributed.
Employer percentage - the percentage that your employer contributed.
Employer amount - the amount that your employer contributed.
Additional voluntary contributions (AVC) - One-off contributions you've made to your pension through your employer.
Pensionable earnings (PE) - The portion of your GQE that you can contribute to your pension as, in some cases, not all of your earnings are eligible.
Gross qualifying earnings (GQE) - The portion of your earnings that determines if you're eligible to be enrolled in the pension scheme.
Category - Your employer assigns you a category when they assess if you are eligible to be automatically enrolled in their scheme. This is based on your age and earnings.
Understanding your transfers In
The breakdown of the Transfer In is shown in the screenshot. The definition of the different elements is shown below:
State - The current status of your transfer, ranging from "Pending" through to "Completed." Only transfers that have been invested make up your pot value.
Category- Type of transfer In.
Provider- Name of the ceding pension provider.