My voluntary contributions

Whatever your plans and their timelines, you can fund your savings plans at your own pace. You choose:

• how much (the amount),
• where (which investment vehicle – FCPE),
• how (which payment method),
• but you can also decide when (how often) you want to contribute:

  • One-off contributions: by credit card, direct debit from your bank account, or by cheque and/or

  • Regular contributions: set up automatic payments at your preferred frequency (monthly, quarterly, semi-annually, or annually), and the amount will be debited automatically from your bank account

The tallest tree grew from a tiny seed”. Lao Tsu

Farah Bouzida explains why scheduled contributions are a powerful tool for building your savings. Watch the video

Your voluntary contributions to a PEE or PERCO are limited to 25 per cent of your gross annual income, across all employee savings plans combined. There is no cap on your annual voluntary contributions to a PERCOL, but if you make tax-deductible voluntary contributions, these are limited to your personal retirement savings allowance.

Taxation of voluntary contributions at withdrawal

• You contribute to a PEE
• You contribute to a PERCOL
• You contribute to a PERCO
• You contribute to a PERO