Can I increase my pension contributions?
You can make additional contributions directly to your pension provider, either regularly by Direct Debit or as a single one off payment. NEST can explain how to go about this. If you get tax relief on your salary contributions, you’ll also get tax relief on any additional contributions.
If you were hoping to increase the contributions you make through your salary, the answer is ‘not quite yet’.
We’re still in the early days of our pension scheme and whilst it’s relatively straightforward to manage an increase to one individual’s contributions, it gets much more complex when you have lots of employees all potentially doing the same. So, before we can release this feature, we need to build a system that lets you easily control your contribution levels and helps us manage these increases on a mass scale.
We’re working on it.
In the meantime, you can register your interest in increasing your contributions via your salary. It’ll give us an idea of the level of demand for this service, which may mean we can dedicate more resources to making it happen. Plus, we’ll make sure you’re among the first to know when it does.