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What’s the smallest amount I can contribute to my pension each month?

The smallest pension contribution you can make is £1 per month. 


When you set up a pension it is important that you choose an affordable amount to save. The objective is to provide you with a decent income in retirement, and you can’t plan for the future effectively if you pay more than you can afford, or so little that you won’t build up a decent sized pot for when you need it. That’s why we recommend regular reviews to make sure your retirement objectives are appropriate, and that the amount you’re paying will see that you reach them. 

Brookson Advice: 
Never over-commit your pension payments. It is far better to choose an affordable monthly amount you know you can afford, then top up throughout the year if you can.

Updated on 3rd November 2020

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