You can decide how much you would like to contribute. The amount you pay into your retirement savings depends on what you can afford each month and what retirement income you want to aim for. The more you pay in now, the longer it has to grow in value and this means you may receive a larger income in retirement.

Before deciding how much to pay in, it is worth considering the following questions:

• When do you want to retire?
• What age are you now?
• Will you have other sources of income at retirement?
• How much can you afford to contribute now?
• How much have you saved so far in this and other pension plans?

While employed by Experian, the Company will pay into your savings an amount relative to your standard monthly contributions. You can contribute up to 5% of your pensionable pay and the Company will pay a set amount of at least twice the amount you pay in. The minimum amount you can pay is 3% of your pensionable pay. The table below shows the contribution rates as a percentage of your monthly pensionable pay together with the corresponding life assurance benefit which is provided free to members:

If you want to, you can select a contribution rate of more than 5% of pensionable pay to help you build up more benefits. These contributions are known as additional voluntary contributions (AVCs). To see the effect of paying more into your savings each month, visit the retirement modeller. To find out about paying more you can visit the additional voluntary contributions (AVCs) section of the website.

To change the amount you contribute to the Plan, simply login to the secure website by clicking here.

There are limits on the total amount of contributions you can pay into the Plan, and the amount of benefits you can build up without incurring tax charges.