Even though you are near to retirement, it is never too late to save some more.
When you increase your contributions, Pearson will double your contributions up to a maximum contribution of 16%:
You can contribute more than the maximum limits shown above as an additional voluntary contribution (AVC) but Pearson will not double match this.
Please bear in mind that your total pension contributions are subject to HMRC’s Annual Allowance (AA).If you are an active member you can use our AA modeller on Neo to check if increasing your contributions would take you over the AA limit.