Yes, you can make additional savings. The more you save for your retirement, the more income you’ll have – so it makes sense to save as much as you can afford.
You make additional savings by paying additional voluntary contributions (AVCs). These are extra contributions you make on top of your standard contributions to build up more retirement savings. You’ll benefit from the same tax relief as your standard contributions.
You can contribute up to 100% of your salary towards your retirement savings and still get tax relief, as long as the total contribution from you and your employer is below the annual allowance. This allowance is currently £40,000 a year, but can be lower for high earners. (If you go over the annual allowance you’ll need to pay a tax charge. You may want to take independent financial advice if you think you’re in danger of going over the annual allowance.)