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Workplace pensions. We’re all in

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A workplace pension is a simple step towards saving for a better future. When you contribute to your pension, so will your employer and the government.

From October 2012, all employers will start to enrol their workers into a workplace pension, if they are not already in one. This will give millions of people an easy way to start saving for their retirement. Very large employers are doing it first, in late 2012 and early 2013. Other employers will follow sometime after this, over several years.

We are all living longer and now likely to spend 20 years in retirement. Relying on the State Pension alone could mean you will not be able to enjoy the lifestyle you would like in retirement.

To find what the new pension reforms will mean to you and the benefits of staying enrolled, visit direct.gov.uk/workplacepension

 


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