What is a Workplace Pension?


What are workplace pensions?

People often use the phrase Workplace Pension (ie having your employer provide you with a pension) in conjunction with auto-enrolment (having your employer automatically add you to their Workplace Pension).

A Workplace Pension is a tax efficient way of saving for your retirement (or your later years) that is arranged by your employer.

Workplace Pensions are also sometimes called occupational pensions, company pensions or work-based pensions, to differentiate them from the state pension.

We’ve also written about workplace pensions in this blog post.