How do I set up a monthly recurring contribution?
If you want to set up monthly recurring contributions, you would have to do is to login in your Collegia personal account, then go to the "Add contributions" tab, click on "Set monthly contributions", add the amount of money you want to add to your Collegia account on a monthly basis, and then select the day in which we will collect the monies from your personal bank account. Once this is done a new screen will appear with a list of all the banks that support Open Banking, click on your personalPopularAre there limits on the amount I can save into my Collegia pension?
You might not know that there is not a hard limit on your pension contributions, you can add as much as you like in your pot. However, there is a cap on how much tax relief you can get on your contributions. Every time you pay into your pension, you'll receive a 25% tax bonus on your contribution from the government. The government offers this bonus to encourage you to save for your future. However, there's a limit on how much you can get back. The "Annual Allowance" is the maximum pension contrPopularHow do I make a one-off contribution?
If you want to make a one-off contribution, you would have to do is to login in your Collegia personal account, then go to the "Add contributions" tab, click on "Make a one off contribution", add the amount of money you want to add to your Collegia account. Once this is done a new screen will appear with a list of all the banks that support Open Banking, click on your personal bank and follow the instructions. One the process is complete, the amount of money will be collected from your bank accoSome readersHow do I view my contributions history?
If you want to see your contribution history from the workplace, login in your Collegia account first. Click on "Pension pot" and then on "Auto-Enrolment contributions". Please note that this contribution history is shown according to the payroll dates and not to the dates in which those contributions were paid to us (the pension scheme).Some readersWhat are the different types of contributions?
There are three types of contributions: One-off contributions - these are contributions that you make whenever you want. Monthly recurring contributions - these are contributions that are scheduled to be made every month. Auto Enrolment contributions - these are contributions that are paid to you via your employer or multiple employers in case you have more than one employment connection at the same time.Few readersWho can contribute to my pension?
You and/or your employer can make contributions to your Collegia Personal Pension.Few readersHow can I increase my pension contributions in my Collegia account?
You can ask your employer to change the pension contributions via payroll, or you can also add out-of-payroll contributions directly in your Collegia app. You can add one-off contributions via Open Banking or recurring contributions via Direct Debit.Few readersHow do I cancel monthly recurring contributions?
To cancel the recurring monthly contributions (Direct Debit), you would have to login into your personal bank account that is linked to the Direct Debit and cancel the Direct Debit mandate directly from there. No further pension contributions will be collected from your personal bank account when this process is completed.Few readers
