Workplace Pensions

A pension is a very important part of the pay package offered by an employer. All employers are required by law to automatically enrol eligible workers into a workplace pension and, from 2018, that applies even to the very smallest employers. A good pension can add as much as a quarter to the value of your salary although the statutory minimum level of auto-enrolment contributions is limited.

Particularly if you intend to work for an employer for more than a short time and have any choice about the job you do, you should ask some hard questions about the pension scheme on offer as there may be options other than the basic auto-enrolment workplace pension scheme.

Note: This content is provided as general background information and should not be taken as legal advice or financial advice for your particular situation. Make sure to get individual advice on your case from your union, a source on our free help page or an independent financial advisor before taking any action.