Note: The contributions rates used are subject to change in the future.

Example 1

Male age 16

buying £250 additional pension for themselves only

extra payments over 1 year

£76.43 per month

X 12 months

= £917.16 total payment for the year



Example 2

Female age 30

buying £1 000 additional pension (4 blocks of £250) for themselves

extra payments over 5 years

£30.89 per month

X 4 blocks of £250

X 12 months

X 5 years

= £7 413.60 total payment over 5 years



Example 3

Male age 40

buying £1 000 additional pension (4 blocks of £250) for themselves plus additional dependants cover

extra payments over 15 years

£18.64 per month

X 4 blocks of £250

X 12 months

X 15 years

= £13 420.80 total payment over 15 years


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