Can I Top Up My Personal Pension?

If you belong to your employer’s pension scheme, then they will generally set the amount you are able to pay into your plan.

If you can afford to make additional contributions and you haven’t reached the limit you can pay in, then you should consider doing this, especially if your employer offers a ‘matched contribution’ pension arrangement,  and so they will also pay the same amount you do on your behalf.

Topping up your State Pension

It is also possible to top up your State pension. If you haven’t made enough National Insurance Contributions (NICs) to qualify for the full State pension, you may be able to make voluntary contributions to fill any gaps. You must usually make any top up payments within 6 years of missing the original payment.

If you aren’t sure whether you’ve made enough contributions to get the full state pension, you should request a state pension statement which will tell you how much you can expect to receive.

Topping up your Private Pension or Employer Scheme

If you have a private or company pension and are wondering if it makes sense to make an additional top-up and would like some advice please contact us.