Parents should start paying more into their pensions when kids leave home, report says Paying in more than the minimum amount can make a major difference to the size of a pension pot at retirement 10 May 2021 • 6:00am Parents should be told to start paying more into pension pots when their kids leave home, a report from the Institute for Fiscal Studies (IFS) said. The influential think tank said that pension savers should be nudged to increase their contributions at key life stages as they grow older, such as when they get a pay rise, when their children leave home, or when they have paid off their mortgage