A workplace pension is a way of saving for your retirement that’s arranged by your employer.
Some workplace pensions are called ‘occupational’, ‘works’, ‘company’ or ‘work-based’ pensions.
How they work
A percentage 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.
See also:
- Joining a workplace pension
- What you, your employer and the government pay
- Protection for your pension
- Managing your pension
- Changing jobs and taking leave
- If you want to leave your workplace pension scheme
- Get help