How to boost your savings
Use our quick tool to see where your money goes and where you could make small changes to free up a bit of extra cash.
Finding extra money to put into your pension pot can be difficult.
Even if it's only a little bit more, increasing your contributions can boost your savings and help you to afford the lifestyle you want in retirement.
We've created a useful tool to help show you where your money goes and where you could look to make small changes to free up a bit of extra cash. Even what seems like a small amount now can make a big difference over time.
Once you know what you can afford to save, the next thing you should think about is how much you might need in retirement. Have a look at 'How much will you need?' to work out the level of income you might need in retirement.
If you do decide that you would like to boost your pension savings, you can:
- Contact your employer if you wish to increase your regular contributions.
- Contact us directly if you want to make a one-off payment, if your scheme allows.
- Transfer in your other pension savings so that you have everything in one place. Many schemes allow you to do this online via Manage Your Account.
There is something called an annual allowance, which is the maximum amount that can be paid into a pension every year without incurring a tax charge (this excludes any other pension savings you may have transferred in). See our Tax year rates and allowances guide (PDF: 571KB) for more information on this.
More in this section
If you're more than 10 years away from retiring we've got some useful information, tools and simple 'jobs to do' to help you make your savings work for you.
If you're less than 10 years from retiring we've got some useful information, tools and activities so you can firm up your plan and go and have a colourful retirement.
Register or log in to Manage Your Account, a simple way to keep track of your pension savings.
Use our tool to think about what your expenses in retirement might be, and how much they could add up to.
Use our retirement planning tool to experiment with the income you could achieve in retirement.