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Making a One-Off Contribution

How to add money to your pension anytime

Updated over 3 months ago

You can add money to your pension at any time with a one-off contribution. Here's how it works.

How to make a contribution

  1. Go to your Pension page

  2. Tap Make Contribution

  3. Enter the amount you want to contribute

  4. Confirm the payment

The payment will be collected via Direct Debit from your connected bank account.

Contribution limits

  • Minimum contribution: £1

  • Maximum contribution: Up to your remaining annual allowance (£60,000 per year for most people, or 100% of your earnings if lower)

There's no limit on the number of contributions you can make.

When will my contribution be invested?

After you confirm your contribution:

  • Day 1: Payment is initiated via Direct Debit

  • Day 2-3: Funds clear from your bank and reach Chest

  • Day 3-5: Funds are invested in your chosen fund

The full process usually takes 2-5 business days. You can track the status of your contribution in your transaction history, where it will show as pending until fully invested.

Tax relief on your contribution

The government automatically adds 20% tax relief to your contributions. When you contribute £80, it becomes £100 in your pension.

If you're a higher rate (40%) or additional rate (45%) taxpayer, you can claim back the extra tax relief through your self-assessment tax return.

Still need help?

If you have questions about making contributions, contact us at hello@joinchest.com.

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