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Does your boss employ less than 30 workers?

DOES YOUR boss employ less than 30 workers?

If ‘yes’, then soon you could be one of the millions of workers enrolled into a workplace pension between now and early 2018.

WHAT WILL HAPPEN:

• 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.

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ONCE YOU'RE ENROLLED

All three contributors – you, your employer and the government – will continue to pay into your pension pot regularly.

You can opt out if you want to, but here are some things to think about:

• Millions of people have already been enrolled into a workplace pension in the past few years. This could include your friends and family.

• You will still want to carry on doing the things you enjoy when you retire.
The full basic State Pension in 2015-16 is £115.95 a week. Saving through a workplace pension can give you more money to spend in retirement.

• 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

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