Does your boss employ less than 30 workers? If yes, then you could soon be one of the millions of workers enrolled into a workplace pension between now and early 2018.
You will get a letter or e-mail from your employer, giving you more details. Your employer will then automatically enrol you into the scheme. Once you’ve been enrolled, a small percentage of your salary will go straight into your pension pot. Your employer will pay in as well – that’s EXTRA money that you wouldn’t otherwise get. The government will give you tax relief too.
There will be three contributors who will continue to pay into your pension pot regularly. The three contributors are you, your employer and the government.
You might feel you already have a plan in place to give yourself money in later life. Perhaps you intend to keep working (beyond State Pension age), sell your house, or your partner has a pension. But life doesn’t always go to plan. You might want to have several plans in place and your workplace pension could be one of them.
Don’t ignore the workplace pension
Find out more: www.workplacepensions.gov.uk
See advert on page 7
