My contributions

Both you and Pearson pay in to your Pension Pot based on your pensionable salary. Your pensionable salary is your base salary at 1 April each year as notified by Pearson.


Being part of the MP03 Section of the Plan, Pearson will pay double the amount you contribute, up to a maximum percentage of your salary: 

 Pecentage pensionable Salary
  Minimum Maximum    
 Age  You pay

Pearson pays

Total You pay Pearson pays Total
Under 30 3%  6% 9% 5% 10% 15%
30-44 3% 6% 9% 6% 12% 18%
45 and over 3% 6% 9% 8% 16% 24%

It may cost you less than you think to save more for later life.

Check out Semira, Holly and Tom to see how they benefit from the money Pearson contributes on top of their contributions and how much more they could benefit by increasing their contributions even slightly.

Contribution limits and paying less tax


Your contributions are paid free of tax, providing you are under HMRC’s Annual Allowance (AA). The AA is the limit on pension contributions you can make tax-free in any tax year. The AA for the 2019/20 tax year is £40,000, for higher earners the AA may be reduced, down to a minimum of £10,000.

If you think you may be affected by the AA, please speak to an independent financial adviser. Use the Money Advice Service at to find an independent financial adviser in your area.

Saving more when I can

If you want to pay more into your Pension Pot, you can increase your monthly contributions up to the age related maximum rates or pay in regular contributions or pay in a one-off lump sum, known as additional voluntary contributions.

Pearson will only match up to the percentages shown in the section My contributions.

From just a 1% increase which is approx. £23 extra a month from Holly she has an additional £70 in her Pension Pot each month.

Because Holly is over 30, Pearson will pay in double the amount she does up to 6% e.g. up to 12%. From age 45 Pearson will pay in double the amount she does up to 8% which would be 16%!


Cost of delaying

If you delay saving for later life you will potentially end up with a smaller Pension Pot, which means less money to live on.

As a member of the MP03 Section of the Plan, there are additional benefits should you die while you are employed by Pearson:

  • A lump sum of four times your pensionable salary; and
  • A spouse's, civil partner's or nominated dependant's pension; and
  • Children's pensions (if applicable).

Please refer to the AE Section booklet for further information on the benefits you are eligible to receive.

In order for your beneficiaries to receive the above benefits you will need to ensure you have completed an expression of wish form. This form lets the Trustee know who you have nominated to receive these benefits and what percentage you would like each nominee to receive.

If you are not married or in a civil partnership, the pension benefit can be paid to your nominated dependant, but you must complete a nominated dependant form (if applicable) to let the Trustee know who you have nominated.


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