Workplace Pension Schemes

Workplace pension schemes are retirement savings plans provided by your employer. Both you and your employer contribute money regularly, which is invested over time to grow your retirement fund. When you retire, you can access these funds to support your post-work expenses. These schemes encourage saving gradually for the future, often with tax advantages, and help ensure you have a financial safety net later in life. Participation is usually automatic, but you can opt out if you choose. Overall, they are an essential tool for building your retirement income in partnership with your employer.