Making contributions to your personal pension

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We've all been there. The car needs a service. The bills are mounting up. And then the boiler breaks down. Managing your finances isn't always easy. So we've worked hard to make saving into your personal pension plan as easy and flexible as possible.

Make regular monthly or yearly contributions

These can be a fixed amount or set to increase each year in line with your salary or earnings, the Retail Prices Index (RPI), or set at a level between one and ten percent.

Even if you're saving into your employer's workplace pension, you can still make contributions into your personal pension. This could be one way of topping up your retirement savings.

Your regular contributions are made by Direct Debit

The minimum regular contribution you can make is £100 a month or £1,200 a year. This will reduce to £50 a month or £600 a year if you've previously made a single contribution or transferred retirement savings of more than £15,000 into your plan.

Top up your retirement savings

You can make single contributions into your plan at any time. So if you find yourself with spare cash, you could add it to your plan. You can make a single contribution of £2,500 or more by cheque. There's no minimum if you're already making regular contributions.

You could have all your retirement savings in one place

You can transfer retirement savings from other pension plans. If the value of your retirement savings is more than £2,500, you can transfer it into your personal pension (this minimum doesn't apply if you're making regular contributions). This could make it easier for you to keep track of them.

If you decide to transfer your retirement savings, your existing provider will make the payment directly to us and we'll do the rest. However, transferring may not be in your best interests as you could lose valuable benefits which can't be replaced. You should speak to your financial adviser before you make a decision.

Your plan online

Access your plan details with our secure online service. It’s really simple to use and you’ll be up and running in no time.

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