Automatic enrolment if you're close to retirement
While automatic enrolment is a great way to start saving into a pension, as you get closer to retiring, its likely impact on your income in retirement gets smaller. There are circumstances ...
While automatic enrolment is a great way to start saving into a pension, as you get closer to retiring, its likely impact on your income in retirement gets smaller. There are circumstances ...
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....
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...
All employers must now automatically enrol eligible workers into a workplace pension scheme and contribute to it. This is an easy way to start saving for retirement. Read on to find ou...
All employers must now offer a workplace pension scheme and automatically enrol eligible workers in it. How have workplace ...
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 firs...
Automatic enrolment only applies to workers aged 22 or over. But if you’re younger, as long as you’re earning £6,032 or more (in tax year 2018-19), you can still opt in and benefit from extra ...
There are two ways you can receive tax relief on your pension contributions if you’re in a workplace pension scheme. Your employer chooses which method to use and must apply this to all staff. Here
If you’re over the State Pension age, you won’t be automatically enrolled by your employer into a workplace pension. You do still have the right to opt in up to age 74 (depending on...
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 st...