How to 最高の，を越す up your work 年金 for 平易な 投資するing with a 税金 救済 上げる

By Tanya Jefferies for Thisismoney.co.uk

Updated:

If you are new to 投資するing, and feel lukewarm or 用心深い at the prospect, an 平易な 選択 open to many people with a work 年金 is to 最高の，を越す up 投資s already held in their 退職 基金.

The 利益s 含む convenience, 解放する／自由な cash 最高の，を越す-ups and 潜在的に lower costs, although you need to be 用意が出来ている to shut your money away until you are 55 (or 57 from April 2028 onwards).

Our 年金s columnist, former 年金s 大臣 Steve Webb, was asked by a reader whether it is better to put spare 貯金 into a work 年金 or open an 投資 Isa.?

Spare savings? An option open to many people with a work pension is to top up investments already held in their retirement fund

Spare 貯金? An 選択 open to many people with a work 年金 is to 最高の，を越す up 投資s already held in their 退職 基金

He identified the advantages of 選ぶing for the 年金 as: 政府 and 雇用者 最高の，を越す-ups; the 適切な時期 to 身を引く a 25 per cent 税金-解放する／自由な lump sum when you decided to retire; and lower 投資 告発（する），告訴（する）／料金s which are capped at 0.75 per cent on 'default' 基金s and can be even lower.

But Webb, who is a partner at 年金 顧問 LCP, 警告を与えるs: 'The one big advantage of an Isa is that you can get at your money straight away.?

'If you already have separate money 始める，決める aside for "雨の days" or 緊急s, then you may be happy to lock up your 付加 貯金 in a 年金.

'But it is important not to leave yourself so stretched for short-称する，呼ぶ／期間／用語 貯金 that if you had an 予期しない cost to 会合，会う you would have to turn to 潜在的に high cost credit rather than use your 雨の day 貯金.'

What are the 支配するs on 支払う／賃金ing extra into your 年金?

You can typically 支払う／賃金 a total equal to your salary up to a 最大限 of £60,000 a year and get?年金 税金 救済 - a 最高の，を越す-up from the 政府 - though this 次第に減少するs 負かす／撃墜する to £10,000 for higher earners. This is known as the 年次の allowance.

How 年金 税金 救済 作品 is that you receive rebates on 出資／貢献s paid into your 年金, based on your 所得税 率 of 20 per cent, 40 per cent or 45 per cent.?

Helen Morrissey: Many employers match increased pension contributions up to a certain level

Helen Morrissey: Many 雇用者s match 増加するd 年金 出資／貢献s up to a 確かな level

These take you 支援する to the position you were in before 所得税.?

The 年次の allowance 含むs your own and your 雇用者's 出資／貢献s into a 年金, and the 税金 救済 itself.?

One very important perk of the 年次の allowance is that you can still 利益 from any of it left 未使用の over the three previous 税金 years, under 確かな 条件s.?

> How does the 年次の allowance work: Read a This is Money guide.?

It's also important to make sure you are getting the 最大限 possible advantage from 解放する／自由な 雇用者 出資／貢献s into your 年金 - not just 税金 救済 from the 政府 - if you decide to 支払う／賃金 in extra.

You could do this by 増加するing the 百分率 you 支払う／賃金 in each month, as many 雇用者s will then match it.

Helen Morrissey, 長，率いる of 退職 分析 at Hargreaves Lansdown, says: 'While many 雇用者s 与える／捧げる at 自動車-enrolment 最小限s, there are others who will 申し込む／申し出 an 雇用者 match ? this is where they will match your 増加するd 出資／貢献 up to a 確かな level.

'Over time this can give your 年金 planning a 重要な 上げる so it’s 井戸／弁護士席 価値（がある） 調査／捜査するing if your 雇用者 申し込む／申し出s it.

'If you’ve got a bit more spare cash, you can also look at making a one-off larger 出資／貢献 to your 年金. You might find it becomes possible if you have received any windfalls or 相続物件s.

'Making such a 出資／貢献 ? even as a one-off - can have a 重要な 衝撃 on your 退職 planning and if left 投資するd for several years could leave you with a much larger 年金 than you さもなければ would have.'

We look at what to 推定する／予想する when you 接触する your work 年金 provider about 支払う／賃金ing extra into your 基金, and some other 問題／発行するs to consider below.

The 過程 does 変化させる so you will need to go online or 接触する your provider direct for their 明確な／細部 必要物／必要条件s for making 支払い（額）s - but here are the basic steps to follow.?

1. Getting started - スピードを出す／記録につける の上に your work 年金 account

It is sensible to do this first, although not all providers will 許す you to 支払う／賃金 extra 出資／貢献s online and it is 公正に／かなり likely you will have to phone up.

Setting up online 接近 will 要求する some basic 詳細（に述べる）s, like your 年金 account number (利用できる from your 雇用者 if you can't find it), 指名する, date of birth, and かもしれない your 国家の 保険 number. You might also need to go through 身元 checks at this 行う／開催する／段階.

If you 港／避難所't done this before (or recently) it will be a useful starting point to go online and look at how much you have saved into your 年金 so far, where you are 投資するd at 現在の, and what other 投資 基金s are 利用できる.

Many people stick with their 'default' 年金 基金. However, a '塀で囲むd garden' of other 基金s are usually 利用できる, though you should check the 告発（する），告訴（する）／料金s as they may be higher.

You can also check what 百分率 of your salary you are 現在／一般に 支払う／賃金ing in, and whether you can 増加する this to get higher matched 出資／貢献s from your 雇用者, in 新規加入 to the 税金 救済 最高の，を越す-ups from the 政府, as explained above.

If you have not yet maxed these out, you may be able to adjust the 百分率 of your salary you 支払う／賃金 in online, or you can 接触する your 雇用者 abo ut doing it.

Once you are logged in, Aviva 申し込む／申し出s the 選択 of making 選び出す／独身 personal 出資／貢献s online or 経由で its app. 合法的な & General does not 現在／一般に do so, though it says it is likely to 追加する this feature online in 未来.

Aegon says that some 雇用者s it 作品 with 含む a 'manage my 特別手当' 機能（する）／行事 online, which 許すs their staff to 割り当てる a 百分率 of their 特別手当 to be paid as a one-off 出資／貢献 into their 年金s.?

2. Phone up if necessary

You might be able to 支払う／賃金 in 経由で your 雇用者, and if so you would have to follow whatever 過程 they have in place.

If you 接触する your 年金 provider, they will ask for some personal （警察などへの）密告，告訴（状） from you to carry out checks and 過程 the 処理／取引.

You will have to find out your 年金 計画／陰謀's bank 詳細（に述べる）s, and give your own bank 詳細（に述べる）s so your 会社／堅い will know where your 出資／貢献 is coming from. You might also have to give a 公正に／かなり exact time and date of when you ーするつもりである to make a 支払い（額） into your 年金.

Emma Byron, managing director of 合法的な & General 退職 解答s, explains: 'To 支払う／賃金 in a lump sum 経由で the phone, you would need to 供給する 詳細（に述べる）s to pass 安全 questions relating to your 年金 account.

'We can then 供給する you with the bank 詳細（に述べる）s for you to 服従させる／提出する 出資／貢献s 経由で BACS and mailbox 詳細（に述べる）s should you wish to email us to 確認する.

'When submitting 経由で BACS/Telegraphic 移転 you would need to 供給する your 年金 account number.

Emma Byron: To pay in a lump sum via the phone, you would need to pass security questions and money laundering checks

Emma Byron: To 支払う／賃金 in a lump sum 経由で the phone, you would need to pass 安全 questions and money laundering checks

'We also 受託する 選び出す／独身 出資／貢献s 経由で cheques or through your 雇用者 経由で their 正規の／正選手 出資／貢献s. Putting in a lump sum 経由で your 雇用者 is often the simplest and quickest way to do it.'

Aviva says it will ask for your 年金 計画（する） number and bank 詳細（に述べる）s, such as the bank's 指名する and the 演説（する）／住所 your account is 登録（する）d to.

For an 身元 check, it will need your 国家の 保険 number, date of birth, first line of your 演説（する）／住所 and postcode, and 雇用者 （警察などへの）密告，告訴（状）.

Aegon says: 'Our 顧客 接触する centre would need to 立証する personal 詳細（に述べる）s (NI number, date of birth, 演説（する）／住所). Our 顧客 接触する スパイ／執行官s will support their bespoke enquiry based on the type of 年金 計画／陰謀.

'A step-by-step guide can also be 供給するd on the 過程 to make a 選び出す／独身 出資／貢献.'?

3. There might be credit and money laundering checks

Your 年金 会社／堅い will probably want to do a credit check on you, an d 確実にする your money has come from a 合法的な source.

Byron says: 'We carry out money laundering checks on all new lump sums received, and then once a year each time we subsequently receive a lump sum.

'Assuming these checks are passed, and no その上の （警察などへの）密告，告訴（状） is 要求するd from you, this does not slow 負かす／撃墜する the 過程.'

Aviva says: 'We use a system to 実証する 身元 while the 顧客 is on the call (hence asking for bank 詳細（に述べる）s to 立証する the account - this is not needed on every call though). 供給するing the check passed on both person and account we can take the 支払い（額）.'

Aegon says: 'We follow appropriate regulatory checks to keep the member and their money 安全な, so would 完全にする an anti-money laundering check. We also 要求する a source of wealth 文書 if the value of the 出資／貢献 is over £30,000.'?

4. 支払う／賃金ing in その後の lump sums

年金 providers 保証する us that once you have got through the 過程 of making your first personal 出資／貢献, it will be quicker and easier to make 未来 支払い（額）s into your 年金.

Aviva says the 過程 is straight 今後 after the first 支払い（額） has been 始める，決める up and 完全にするd.

'Once bank 詳細（に述べる）s are on the system, the member needs to 知らせる us of 量, 製品, 投資 and bank 詳細（に述べる）s where 支払い（額） has come from (so we can 立証する). This can either be done online by email or phone.'

Aegon says: 'The checks are easier unless there has been a change of personal 詳細（に述べる）s between 支払い（額）s. These 指示／教授／教育s ar e covered in our （警察などへの）密告，告訴（状） packs 問題／発行するd on the member's first 選び出す／独身 出資／貢献.'?

What else to consider: Does your 雇用者 申し込む／申し出 salary sacrifice?

Salary sacrifice 計画／陰謀s?are a nice little earner for many 労働者s and their 雇用者s, because they are essentially a 合法的な way to dodge 国家の 保険 支払い（額）s.?

雇用者s 許す staff to take a supposed '支払う／賃金 削減（する）', but the money gets ploughed into their 年金 or put に向かって some other 利益 like childcare instead, and both 味方するs 支払う／賃金 いっそう少なく NI as a result.

Aegon says if a 年金 計画／陰謀 member wants to make a 選び出す／独身 出資／貢献 直接／まっすぐに with their 雇用者 経由で salary sacrifice, it recommends speaking 直接／まっすぐに to your HR or payroll department first.

Are you 越えるing your 年次の allowance?

The usual £60,000 限界 is explained above and you should check you don't go over it, as if you do HMRC will claw 支援する the 税金 救済 you received.

Emma Byron of L&G says before putting a lump sum in your 年金, you should check the 税金 関わりあい／含蓄s of what you are doing.

'The 税金 position will 異なる depending on the type of 計画／陰謀, how the 出資／貢献 is paid, and whether you are a basic, higher or 付加 率 taxpayer, so make sure you check your 税金 救済 has been 適用するd 正確に, either with your 雇用者 or by 接触するing HMRC if necessary.'

Can you afford to use your 'carry 今後' allowance?

You can use up 未使用の 年次の allowance from the three previous 税金 years, under 確かな 条件s.

You need to have been a member of a 年金 計画／陰謀 during the years you ーするつもりである to 'carry 今後' 年次の allowance from, although you don't need to have paid anything into it.

That often catches out people, such as the self-雇うd, who have neglected 退職 planning and are trying to build up a 年金 from scratch.

You must also use up your entire 年次の allowance first for the year in which you want to do carry 今後, and you have to go 支援する to the earliest of the three years and use up the allowance from then first.?

Would you 利益 from 協議するing a 財政上の 助言者?

If your 財政／金融s are 複雑にするd or you are 井戸／弁護士席 off you might find it worthwhile to 接触する a 財政上の 助言者 to 確実にする you are taking 十分な advantage of 税金 allowances and your 年金.

Aegon says: 'We advise that our members 接触する a 財政上の 助言者 for any support on maxing out any 従業員/雇用者 出資／貢献s or maxing out any 税金 利益s.'

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