If you would like to pay more than 7% then you can:

Contribute up to 35% of your pensionable salary by making Employee Directed Contributions (EDCs), you can choose to do this on ‘My Choice’.

You can also make regular or lump sum contributions at any time up to your full monthly earnings (less National Insurance and other deductions). These are known as Additional Voluntary Contributions (AVCs). You can choose to do this on ‘My Choice’.

If you are a Continuing Member you are also entitled to receive Special Company contributions.

Definitions

Continuing member
You are a continuing member if you were an active member of the Horizon Plan, or the FSB Plan or the Legacy Plan (the Closed Plans) on 31 December 2007 when these arrangements were closed as a result of the Company’s pension changes.

From 1 January 2008, you were no longer able to build up further pensionable service under the Closed Plans. However, benefits built up until that date are protected and benefit from annual increases (known as enhanced revaluation) from 31 December 2007 until you retire.
You will remain a continuing member until you leave the Closed Plans, take your benefits or die.

Special Company contributions
Enhanced Company contributions apply for continuing members who joined the Investor Plan on 1 January 2008. Not only are your contributions matched by the Company but the Company also pays special contributions into your account for 15 years (or until you leave the Company if earlier) from 1 January 2008.

These special Company contributions decrease gradually until 2023 as shown in the table below. It assumes that you select a contribution level of 10% each year from 2008 to 2023.