The Buy Up option allows you to pay more pension contributions in return for a higher accrual rate: in effect you can earn pension quicker.
A letter was sent to active members of the Main, 2000 and 100+ Sections explaining what you need to do if you would like to Buy Up or change your Buy Up rate. Don't forget, you must make your decision by 9 March 2020.
Go to the Buy Up page, where you can see the Buy Up Guide and also use:
- the Buy Up modeller to help you understand the effect of Buy Up on your pension and
- the Net Pay calculator to understand the effect of Buy Up on your take home pay.