Make a lump-sum payment

What are my options?

Option 1: Make more of your bonus

If Faithful + Gould operates bonus sacrifice you can pay some, or all, of your bonus into your pension. This could make a difference to your goals and can be a tax-efficient way of giving your pension pot a boost.

All you need to do is let your employer know how much you want to pay in, before you get your bonus, to arrange the payment.

Option 2: Make more of additional payments

Topping up your pension with an additional one-off or regular payment when you can afford it could make a real difference to your future. As with normal payments the more you pay the more you may benefit from a tax relief boost from the HMRC. Find out more about How payments are made.

You can make a single payment online by logging on to online servicing.

 Important information and assumptions

It's important to remember that a pension is normally a long term commitment. As with any investment its value can go down as well as up and may be worth less than what was paid in.

Laws and tax rules may change in the future. The information here is based on our understanding in April 2021. Your own circumstances also have an impact on tax treatment.