Making decisions about your pension can be complicated. Find out what to look out for and where to get advice.
How to top up your pension
Unlock your pension potential by making additional payments.
You can make additional payments in two ways— as regular payments or as a one-off payment.
Regular payment
Directly from your pay packet
The easiest way to save more is by making regular payments directly from your pay packet.
How to set it up?
Talk to your employer to see if they can set up the extra payments on your behalf. Tax relief will be added to your pot in the same way it is now.
Direct Debit
If you change jobs, you can continue saving with us by setting up a Direct Debit. We’ll claim tax relief at the basic rate on your behalf and add it to your pot. If you’re a higher rate taxpayer, you can claim the rest through your tax return.
How to set it up?
There are two forms to fill in and return to us.
Once we receive them, we’ll be in touch to confirm we’ve set up your Direct Debit.
Remember, you can always reduce the amount you pay if your circumstances change and you don’t have enough spare cash each month.
A single, one-off payment
One-off payment
Consider boosting your pension pot with one-off contributions. A work bonus or inheritance, for example, can be added to your retirement savings.
How to set it up?
To make a one-off payment, you can use your online banking (sometimes known as BACS). We’ll claim tax relief at the basic rate of 20% on your behalf and add it to your pension pot. If you’re a higher rate taxpayer, you can claim the rest through your tax return.
There’s one form to fill in and return to us: Personal pension contributions form.
Once we receive it we’ll then be in touch with more information on how you can send us your personal contributions by BACS.
Personalise your pension in your account
- View, track and manage your pension savings in your account.
- Keep your personal details up-to-date.
- Nominate or update your beneficiaries, so that we know who you’d like your pension savings to go to if you die before taking them.
Combine your pensions
Combine your old pots to help build up your savings and manage your pensions all in one place.