The State Pension gives you a good foundation for your retirement savings, but contributing to a Workplace Pension is a great way to make sure you can afford the lifestyle you want when you retire.
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The State Pension is a regular payment from the Government that you can claim when you reach the State Pension age (currently 65 for men and women).
Workplace Pension is a way of saving for your retirement that’s arranged by your employer.
It helps you save by automatically putting a percentage of your salary into the pension scheme each payday.
A big bonus with a workplace pension is that your employer will usually provide an extra contribution to your pension pot each month, on top of what you pay in.
Want more info? Get more detail on the different types of pension here.
When you pay into your Workplace Pension, your boss does too. That means you’re both effectively saving money for your future!
Even if you haven’t started your Workplace Pension yet, we have a range of resources to help you in the future.