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 Save More Tomorrow or use the Bonus Waiver, 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 80p. As your contributions are paid using salary sacrifice, you make savings on National Insurance too, bringing down the cost of saving £1 even further to around 68p. 

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