Workplace pension contributions. This is called ‘automatic enrolment’.
Workplace pension contributions There are 2 types of occupational pensions: Money purchase or defined contribution schemes All employers must provide a workplace pension scheme. What is salary sacrifice? Salary sacrifice, sometimes called salary exchange, is a tax-efficient way for you to make contributions to your workplace pension. Jun 6, 2025 · This is 8% for automatic enrolment, with employer contributions making up at least 3% and employees’ up to 5% (including any tax relief). Oct 11, 2024 · Workplace pensions A pension is a way to save for retirement. Jul 3, 2024 · Get insights into UK workplace pension contributions. Chancellor Rachel Reeves is expected to announce a shake-up of UK pensions in her Mansion House speech on Workplace pensions - your employer's responsibilities to you to provide a workplace pension and what automatic enrolment means to you What are the two main types of workplace pension schemes? If you’re unsure what type of scheme you’re in, you can find out by getting in touch with your employer or pension scheme provider. Limits on contributions and benefits There are limits to how much employers and employees can contribute to a plan (or IRA) each year. Your employer must automatically enrol you into a pension scheme and make contributions to your Your employer takes your pension contribution after taking tax and National Insurance from your pay. The minimum contribution usually applies to anything you earn between £6,240 and £50,270 during the 2025/26 tax year (6 April 2025 to 5 April 2026). This is called ‘automatic enrolment’. dlfqyovxabgqdqgpnherpqbwniplbfiqdtxnkremyvgblfqfkfzrhndzeyodcwgyramq