How can I save more?

The closer you get to retirement, the more you will be thinking about how much money you will need. If you need to save more, it is never too late!

Pearson will double your contributions up to a maximum contribution of 16%:

 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%


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).

Benefits of saving

Saving just a few extra pounds a month can really add up.

Member scenarios
John and Val are both 52 and counting down to retirement. John decides that he can save an extra £50 a month into his Pension Pot. Val does not increase her contributions until she is 57 and then decides to save £50 more each month. They both decide that they want to retire at the Plan’s normal retirement age of 62.

By the time they are both 62, John had contributed an extra £6,000 into his Pension Pot and Val had contributed an extra £3,000 into hers.

By keeping an eye on their Pension Pot John and Val were able to make positive changes to their income. You can start to make positive changes to your Pension Pot by reviewing your level of contribution.

Transferring my benefits

You can increase your Pension Pot by transferring in any other pension savings, either from a previous employer or personal pension, into The Pearson Pension Plan. This also has the added benefit of keeping all your pensions in one place.

If you are interested in transferring other savings into the Plan, please download the enquiry form. You should also consider speaking to an independent financial adviser too. Use the Money Advice Service at to find an independent financial adviser in your area.

Paying less tax

Not only does increasing your contributions give you a larger Pension Pot, it also gives you a tax saving.

Member scenario
When John increased his pension contributions, his taxable income reduced by £50 a month. This is because his pension contributions were deducted before tax.

In a year, £600 of John’s salary was not taxed and instead went towards funding his future.

The more you save into your Pension Pot, the less tax you will pay.


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