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Workplace Pensions

We offer support and guidance with Government Workplace Pension Scheme. Did you know?

  • This is a way of saving for retirement

  • You contribute 3% and your employer contributes 2% of your monthly salary, this is a saving of 5% each month to your retirement

  • This is a Government scheme that all employees should be aware of

  • Once in the scheme you can merge with other pension providers

  • Pension contribution continues during maternity leave

  • You are able to opt out the scheme within the first 6 weeks of being enrolled

  • Re-enrolment every 3 years

  • Defined contribution

    These are sometimes known as ‘money purchase’ pensions. They can be personal pensions arranged by you or workplace pensions arranged by your employer.

    The money paid in by you or your employer is put into investments by your pension provider. The amount you get when you come to take your pot depends on how much was paid in and how well the investments have done.

    The value of your pot can go up or down depending on your investments.

    With defined contribution pensions you decide how to take your money out.

    Types of defined contribution pension

    These include:

    • Executive pension plan
    • Group personal pension
    • Master trust pension (eg NEST, NOW pension, the People’s Pension)
    • SIPP (Self Invested Personal Pension)
    • SSAS (Small Self Administered Schemes)
    • Stakeholder pension