There is no maximum monthly amount, as long as it is affordable for you it is allowable. Just make sure to not overstretch yourself – pick an amount that you can afford over the full duration of your pension plan. You can always split your monthly savings over different financial products, for example some into a pension plan and some into a more general savings and investment plan with more flexibility to change the monthly amount if you need to.

 

If you’re thinking of committing yourself to a really high percentage of your regular income, please message us so we can talk you out of it and help you make sure that you are never risking compromising your finances, and always optimising your finances.