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How much should I pay into my pension?

Important information - please keep in mind that the value of investments can go down as well as up, so you may get back less than you invest. Tax treatment depends on individual circumstances and all tax rules may change in the future. You cannot normally access money in a SIPP until age 55 (57 from 2028). This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice.

Tools to help you plan

When you’re deciding how much money to invest into your pension, picturing how you’d like your future to look is a good place to start. Our calculators can help give you an idea of how much it’ll take for you to live the retirement you’ve always wanted.

Retirement calculator

Set your retirement goal

Get an indication of the annual income you may need in retirement to help you work out how much you need to save.


Will you hit your goal?

Answer five questions and we’ll show you whether you’re on the right track to save enough to achieve your retirement goals.

Taking care of your future

A Self-Invested Personal Pension (SIPP) is a pension you manage yourself. You decide what it's invested in, how much is paid into it and when. Watch the ‘What is a SIPP?’ video to find out more. You can also read about our SIPP below.

Learn about our SIPP


How much can I pay into my pension?
Do I have to pay into a pension?
Is it worth paying extra into my pension each month?
What happens if I pay too much into my pension?

Make your money work harder

It's never too early, or too late, to put money away for retirement. But you may want to think about how you look after your pension as your life changes. 

Saving in your 20s and 30s

The smallest contributions to your pension can make a big difference when you start early. Find out how starting now can benefit you later.

Saving in your 40s

There’s still time to maximise your pension savings. Discover how to make the most of the opportunity still open to you.

Saving in your 50s

Whether you’re thinking about next steps, transferring pensions or opening a new one, read about how you can plan for retirement effectively.