Overall limit for purchases made before 1 April 2024
classic
£6,800 (plus lump sum of £20,400)
premium, classic plus and nuvos
£8,400
alpha
£8,400 (this limit may be reduced if you are also buying EPA)
Limits after 1 April 2024
Scheme
Overall limit for purchases made after 1 April 2024
classic
£7,300 (plus lump sum of£21,900)
premium, classic plus and nuvos
£9,000
alpha
£9,000 (this limit may be reduced if you are also buying EPA)
Please note: the limits mentioned above apply to the amount of added pension purchased by your contribution, rather than the contribution itself. For example, in alpha, you can make a contribution of more than £9,000 per year as long as this will not take your total added pension purchased to more than £9,000.
Deadlines
Your employer will notify you of when you can apply to purchase added pension, but please take note of the key dates and actions in the table below if you’re thinking of applying to buy added pension.
Purchase method
Deadline for applications made before 1 April 2024
Lump sum paid by cheque
12 January 2024
Lump sum paid from your salary and BACs
9 February 2024
Monthly contributions starting 1 April (including EPA applications)
8 March 2024
Please note that, in light of the continued restricted access to offices, this year we are encouraging members not to pay by cheque.
