Give your savings a boost

How much you pay in while you’re working makes a big difference when you retire. 

How much retirement income your Plan savings will provide depends on two things:

• the amount you pay in while you’re working
• how well your investments perform over the years. 

We know times are tough right now, but it’s well worth saving as much as you can. Whether you choose to pay saver contributions, regular AVCs or add a one-off additional contribution whenever you can, there are many ways to help you boost your savings. 

Don’t forget that you don’t pay tax on the money you pay into the Plan. This is called tax relief and means your pension contributions cost you less than you might think. If you’re a basic-rate taxpayer, every £1 you contribute to your pension only costs you 70p, as paying by SMART means you make savings on National Insurance too. 

Take a look our cost calculator to work out how much more you could save and what the cost to you would be.