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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!

Contribution options

You can choose how much you want to pay from 5% of your pensionable salary and IMI will match your contributions up to 6%.

I want to pay I pay IMI will add IMI pays Total in my account Total
5% 5% 10%
6+% 6% 12+%

Maximum match

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.

Changing your contributions

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

Small Change, Big Savings calculator

Thinking about contributing more but not sure you can afford it? Use our Small Change, Big Savings calculator below to see how much you could add to your retirement savings by spending less. Select how many of each item below you could give up to see how this could add up.

Make a difference to your future

What now?

If you’re already a member of the Mercer Master Trust, you can increase your contributions to help you reach your retirement saving target.

If you’re not a member of the Mercer Master Trust, these savings could free up enough money to join. Don’t forget that IMI will also contribute, so your actual pension saving would be much higher than your contributions alone.

Even small contributions can really build up over time.

Contributions cost less after tax and National Insurance savings

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.

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