Pay more, get more

Feed your pension

Finding extra money can be really tough. But paying in even just a little bit more now can have a big impact on your standard of living when you retire. When you take charge of your pension, you're taking control of your future.

1. Don't lose out on extra contributions

Being a member of your company pension gives you access to extra money from your employer - on top of your salary. Getting this money from your employer is a hugely valuable benefit - and if you're not in your company pension, you won't get it.

On top of money from your employer, you also get tax benefits from HMRC.

Visit to join or change your contributions at any time.

2. Increase your contributions regularly

Another simple way of potentially boosting your pension is to increase the amount you contribute each year. So why not set an annual reminder in your diary to increase your contributions? There may be restrictions on when and how you can increase your contributions, so check with your employer for more details.

If you get a pay rise, this might be a good time to think about increasing your contributions too. Regular increases can keep your contributions manageable, in line with inflation and have a big impact on how much you could get back.

Increasing your pension contributions by a small percentage each year could make a big difference. For example, if you start your contributions at £250 a month and increase your contributions by 5%, then the next year you pay £262.50 a month.

You can use our handy tool to try different contribution amounts and see the effect of increasing your contributions.

Use the retirement planner

Review your payments online at any time by visiting

3. Make a lump-sum contribution

There are advantages to putting a one-off contribution into your pension. For example, if you receive a bonus and pay it into your pension, you may get tax benefits from HMRC.

Review your payments online at any time by visiting

4. Remember, pensions are flexible

Finding extra cash can be difficult. But you can pay more into your pension when you can afford it - and then drop back to a comfortable level when you can't.

Review your payments online at any time by visiting

 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 2020. Your own circumstances, including where you live in the UK will also have an impact on tax treatment.

Change contributions


Keep up to date with your contributions and find out how you can change the amount that you're paying.