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My contributions

Paying into your Fund pension means you have more control over your future.

Pension payments from both you and your employer

Paying into your Fund pension means you have more control over your future.

You pay regular contributions into your pension and these are taken directly from your wages.

You can find out what percentage of your pay you contribute to the Fund in your Member Guide. You can find the guide by logging in to your myFund account and then going to 'My Library'.

Remember, you’re not the only one who pays into your Fund pension:

  • Your employer also pays in
  • The government offers tax relief on contributions. This makes the contributions you make cheaper because they are taken from your gross salary before you pay income tax.

Saving more

You can choose to pay in more to ‘top-up’ your main pension savings.

This is known as making Additional Voluntary Contributions (AVCs). It’s a tax-efficient way to pay extra and save more.

Reducing your payments

There may be times in life when payments to your pension need to change.

You cannot change the amount you pay in respect of your contributions to the Fund, as this is set by the rules of the Fund, but you can adjust any AVCs.

However there are times when the amount taken may change automatically, for example, during family leave or a career break. You can find out more on the my circumstances have changed page and in your Member Guide.

If you’re considering stopping your pension payments then there are various rules that will apply. You can find out more on the leaving the Fund page but please think carefully before you make a decision.

Both the Financial Conduct Authority (FCA) and the Pensions Regulator (TPR) believe that it will be in most people’s best interests not to leave their defined benefit pension.