Workplace Pensions – The Basics

To help you save for your retirement, you’ll be automatically enrolled into a workplace pension by your employer sometime between now and February 2018, if:

you’re not already in one;
you’re 22 or over;
you’re under State Pension age;
you earn more than £8,105 per year; and
you work in the UK.
You’ll pay in and your employer will pay in.

You’ll also get a contribution from the government in the form of tax relief.

You can opt out if you want to but you’ll be missing out on the contribution from your employer, and the tax relief.

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