Why should I consider making a one-off payment?

1. Full tax relief is available at your highest rate of income tax – the government will help to boost your savings (if you're under the age of 75).
2. Large one-off contributions can have a positive impact on the amount in your pension account at retirement – the earlier you pay, the bigger the potential impact.
3. You only make these payments when you can afford it – you’re not committed to large regular payments.
4. Paying one-off pension contributions can help with general tax planning – for example, restoring some or all of the personal tax allowance for higher earners.

If you need help in relation to paying a one-off contribution, please read our frequently asked questions first.
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If you need impartial guidance or advice

The aim of this article is to give information about one-off contributions. This article doesn’t give personal or professional advice. If you need advice, then you should speak to an independent financial adviser. You can also contact the MoneyHelper service for more information and impartial guidance about making one-off contributions.

If you are still unsure, and you don’t already have an adviser, you can find a retirement adviser on the MoneyHelper service website.

Get in touch

If you have any questions, you can get in touch through our contact form at smrt.pe/member-contact or by calling us on 0333 666 2626.