Pension

A workplace pension is a way of saving for your retirement that’s arranged by your employer. Some workplace pensions are called ‘oc-cupational’, ‘works’, ‘company’ or ‘work-based’ pensions. A percent-age of your pay is put into the pension scheme automatically every payday.

In most cases, your employer also adds money into the pension scheme for you. You may also get tax relief from the government.

What happens when you’re automatically enrolled Your employer must write to you when you’ve been automatically en-rolled into their workplace pension scheme. They must tell you:

• the date they added you to the pension scheme
• the type of pension scheme and who runs it
• how much they’ll contribute and how much you’ll have to pay in
• how to leave the scheme if you want to
• how tax relief applies to you