Workplace pensions

  1. Categories
  2. Pensions and Retirement
  3. Workplace pensions

How safe is your workplace pension?

If your employer goes out of business, what happens to your pension savings? Here we explain the situation depending on the type of pension you have and give you a number to call for more help.

The benefits of automatic enrolment

Wondering what the pros and cons of automatic enrolment are? With few exceptions, being enrolled into a workplace pension is something you should welcome. Far too many of us aren’t saving enough for retirement and automatic enrolment is a hassle-free way of getting started, with your employer usually paying part of the cost.

Automatic enrolment – an introduction

Under a law introduced in 2012, all employers must eventually offer a workplace pension scheme and automatically enrol eligible workers in it. This requirement has applied to larger employers since October 2012 and will apply to all employers by 2018.

Automatic enrolment if you have debts

In most cases, staying in a workplace pension after being automatically enrolled makes sense. But if you have debts that aren’t comfortably under control, you should think about paying them off first before starting to save for retirement.

Automatic enrolment if you earn up to £10,000

Only workers earning more than £10,000 – and aged between 22 and State Pension age – will be automatically enrolled into a workplace pension by their employers. But if you earn less, you still have the right to join a workplace pension, and you might still be entitled to pension contributions from your employer.

Find an adviser

If you decide you want financial advice, you can begin your search for the most appropriate regulated financial adviser for you by simply entering your postcode below:
;