You can save more by increasing your regular payments to your now:pensions account. You’ll benefit from the same tax relief as your standard payments.
Members Paying in extra money
The more you save for your future, the more money you’re likely to have – so it makes sense to save as much as you can afford.
That's it - all done
Your workplace will be able to tell you when the changed payments will start going in to your now:pensions account. You’ll benefit from tax relief in the same way you do with your standard payments.
Find and combine pensions
We’ve partnered with Pension Lab to give you a quick and easy way to find your other pensions and bring them in to your now:pensions account.
Find and combine now
Frequently asked questions
See all support for membersYou don’t have to do anything. Your workplace will take your pension payments from your earnings and pay them to now:pensions.
If you want to pay extra money into your now:pensions account, here’s how you do it.
Log in to now:u. Go to Change your payments in and then Pay in more.
Choose an amount
Choose an extra amount to pay each time you get paid. This must be a percentage of your salary as a whole number – for example, 2%.
If you want to reduce your payments in, reduce or remove the extra amount you pay.
Choose Confirm. Your workplace can tell you when the changed payments will start going in to your now:pensions account.
Yes. The more you save for your retirement, the more income you could have when you take your retirement benefits.
How to increase the amount you pay in
Log in to now:u and go to Change your payments in > Pay in more.
Choose an extra amount to pay each time you get paid. This must be a percentage of your salary as a whole number – for example, 2%.
If you want to reduce your payments in, reduce or remove the extra amount you pay.
Choose Confirm. Your workplace can tell you when the changed payments will start going in to your now:pensions account.
Remember the tax relief
If you’re a taxpayer, you don’t pay tax on all or a lot of the money that goes into your pension savings. Instead, the tax you would have paid goes into your pension savings. This is called tax relief.
If you wanted to, you could pay up to the whole of your salary into your pension in a tax year (6th April to 5th April) and you’d still get tax relief, as long as the total going into your pension savings, from you and your workplace does not exceed the annual allowance. This applies to all the pension schemes you’re actively saving into, including now:pensions and any personal pensions you have.
If you’re self-employed, you can claim tax relief via your annual self-assessment tax return.
The annual allowance is currently £60,000 a year.
If you exceed your annual allowance limit, you would usually have to pay tax on the excess. However, you may be able to carry forward any unused annual allowance from the previous 3 tax years, which could reduce the tax charge.
The annual allowance could reduce to £10,000 a year if you start taking your money out of now:pensions but also carry on paying in to your pension savings. This reduced annual allowance is called the money purchase annual allowance.
Yes. We’ve partnered with Pension Lab, an external provider, to make it easy for you to find other pensions and bring them in to us. To use Pension Lab, you’ll have to agree to share your personal details with them.
To get started, log in to now:u and go to Find and transfer. You’ll see the option to use Pension Lab. Once you’ve agreed to share your personal details with them, Pension Lab will prompt you to put in information about your other pensions. It’ll search for the pensions and add them to a pensions ‘dashboard’ for you.
You’ll then be able to transfer them in to us, if you want to. Pension Lab will tell you if any of your pensions can’t be transferred in to now:pensions.
Learn more about finding and combining your pensions here.
You can also transfer your pensions using now:u. Visit our guide and follow the steps to do this.