Staying on track
Like with most savings, the more you put in, the more you are likely to get out. Especially with the matching contributions that IMI puts in for you too!
You can choose how much you want to pay from 5% of your pensionable salary and IMI will match your contributions up to 6%.
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By paying 6% into your MMT account, you get the most out of IMI's contributions, as the matching contributions that IMI puts in for you match your payments.
It is easy to change how much you pay into your MMT account. Just log into the Optimize platform, click on the 'Pensions' tile, and select 'Change my contribution rate'.
The change will take effect from the date of the next payroll and increases to IMI’s matching contributions will happen at the same time.
If you decide to contribute at a lower rate, IMI’s matching contributions will go down from the date of the next payroll.Log into Optimize
Remember that with tax relief and Smart Pay, contributions cost you less than the amount going into your account.
If you earn £24,000 a year, a 1% increase in your contributions would cost you roughly the same as buying a takeaway coffee every week.
See How much does it cost? for a reminder of how tax relief and Smart Pay save you money.