You have the option of paying a lump sum into the Scheme at any time to boost your individual retirement fund, with the added benefit of tax relief.
So, if you are a basic rate tax payer, a further £1,000 invested in your individual retirement account will only cost you just £780 - even less if you are a higher rate tax payer.
To see what effect diverting some or all of a windfall into your pension arrangements would be, take a look at our Pension Planner.
Please note: There are upper limits on the amount you can pay into the Scheme. Usually, these limits only affect those who are very high earners or who are considering making a very large lump sum payment into the Scheme.
Please email Group Pensions for further information.
