MotoNovo Finance Group Personal Pension Plan

Change of Payments and Payment Method Form

If you wish to change how much you pay into the Plan, or the method of paying in, please complete this form. You should read
the declaration carefully before signing this form, and you should refer to the Plan’s member guide and the information provided
by Aviva which can also be found on the intranet. If you need help with this form please contact People Operations.

Your Details
Your full name

Employee code D.O.B

Payment Method
Your payments can be made as employee payments or via the Salary Exchange method. See the member guide for
further details.

Your choice of payment method is: (tick as appropriate) Employee Payments Salary Exchange

Your Payments
Please choose how much you wish to pay (you must choose a rate of at least 3.5%). A contribution of a minimum of
5% will trigger an increase in employer contributions to the 10% maximum. See the intranet for details of the options
and the annual and lifetime allowance limits on pension savings. Your payments are a percentage of your basic pay.

I’d like to pay in: (minimum 3.5%) %

Your Declaration
1. I wish to change the method for my payments and/or contribution rate as indicated above.
2. I understand this change will normally take effect at the next pay date, time allowing, following receipt and review of
this form.
3. I note if I change to the Salary Exchange method and if I am permitted to make my payments via this method, then:
a. My contractual pay will be adjusted by the amount of my payments.
b. In exchange, the Company will increase its payments by an equivalent amount plus 10% of its National Insurance
savings.
c. If in doubt, I should clarify with People Operations the impact, if any, on other pay-related benefits
provided by the Company.
4. I note that if I change to the employee payments method, then:
a. My payments will instead be deducted from my regular pay.
b. If I am a higher rate taxpayer, I will receive tax relief on my payments at the basic rate only and it is my
responsibility to claim additional tax relief via the tax office (HM Revenue & Customs).
5. If you have chosen to amend the amount you pay into your pension, under the ‘Your Payments’ section, this
change will normally take place at the next pay date, time allowing, following receipt and review of this form.
6. I understand I can change my choice(s) at any time by completion of a further form.

Your signature Date

Please sign above (electronic signatures are permitted) and return the completed form to People Operations