Workplace pensions are saving schemes for retirement organised through an employer. The employer may have their own pension scheme, offer one through a specialist provider, or use a Government-backed scheme.

Information about pensions and the pension scheme offered by your employer should be detailed in your contract or written statement of employment.

Automatic enrolment

By 1st April 2017, all employers with at least one member of staff will have to enrol eligible staff into a workplace pension scheme and contribute towards it. This is called automatic enrolment.

Employers must enrol and pay employer’s contributions for all workers who:

  • are aged between 22 and the State Pension age
  • earn at least £10,000 a year
  • work in the UK

If you're under age 22 or earn less than £10,000 a year, you can still join your employer's pension scheme if you want to. Your employer can’t refuse, but they don’t have to contribute if you earn less than £112 per week.

Although your employer must automatically enrol you into a pension scheme, you can request to 'opt out' - if you opt out within one month you will be refunded any money you’ve paid in.

For more information, click onto the GOV.UK website.