Can I pay more money into my workplace pension?
Updated 05 September 2024
You can pay money into your plan and change your regular contributions at any time, within the annual allowance limit set by the government.
Changing your regular contribution - through your employer
If you want to change your regular contributions, speak to your employer and they’ll update their payroll for you. If you're paying your contributions as a percentage of your salary, this will automatically increase in line with that.
How to pay a single contribution
- Sign into your Retiready account and go to the 'Savings' tab.
- Choose the pension you want to make the single contribution into, from the list on the left hand side.
- Select ‘One-off contribution’ and follow the instructions.
Paying in regular contributions - if you've left your employer
You can continue to make regular contributions to your Aegon pension even if you leave your employer linked to the pension plan.
To do this you'll need access to our Aegon Retirement Choices (ARC) platform.
- If you're new to ARC and don't have your ARC log in details you can chat to us online to request these.
- We'll then send you your new sign-in details by email.
- Use these details to activate your ARC account - your email will tell you how to do this.
You can log in to ARC to setup or amend a regular contribution. Once logged into ARC select 'Top up' and follow the instructions online.
This is a guide on how to pay more money in. It doesn’t aim to give you advice on whether this is suitable for you. If you’re unsure you should speak to a financial adviser about your options. As with all investments there are risks associated with investing and the value may fall as well as rise and isn’t guaranteed. You could get back less than originally invested.
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