You can choose to make regular contributions of 6% or 5% of your basic salary and your employer will contribute on a matching basis, as shown in the table below:

You pay

Your employer pays

Total into your pension savings







For the calculation of regular contributions, basic salary is subject to an earnings cap, which for the tax year 2020/21 is £170,400.

If you wish to contribute more than 6%, you can do so by paying an additional voluntary contribution (AVC) but this will not be matched by your employer.  To start (or stop) AVC payments, please email

Contributions are deducted from your pay before income tax is taken so you receive tax relief at your highest marginal rate and, by default, you will pay your contributions through 'Smarter Pensions' (also known as 'salary sacrifice') which means that you will also benefit from a saving in National Insurance. Please go to the 'Smarter Pensions' page to see how it works.

You can pay as much as you want into your pension savings, but HM Revenue & Customs (HMRC) puts a limit on the total amount that can be saved into pension schemes each year and receive tax relief.  A tax charge is payable on anything above this 'Annual Allowance' amount.  Please go to the 'HMRC Limits on Pensions' page for more details.