Once you've updated the percentage employee contribution you would like to make through your Penfold account, you might be wondering when your change will take place.

We will action your request from your next possible payslip.

We'll liaise with your employer about your contribution change around the middle of the month before your pension deductions will show on your payslip. This means, if you request to change your contributions in the first half of the month, this will likely be changed before your next payslip.

However, if you request the change in the latter half of the month, you may need to wait until your payslip in the month after to see your new contribution percentage!