During your working life, it's important to consider your retirement and the ability to enjoy life when you reach retirement. Saving into your workplace pension could help you do just that.
You're already a member of your workplace pension. Your pension contributions can build up a pot of money to give you benefits in the future. The benefits you might get from your pension depend on things like:
You can change your contributions and fund choices to suit you. And when it comes to taking your money, you can choose how you take your benefits.
Your workplace pension comes from a trusted provider. Prudential is the pension provider chosen for you by your employer. Prudential has been helping people save money for over 170 years.
One of the benefits of your pension scheme is that your contributions are flexible. You can contribute as much as you like into your pension, although the total amount of tax relief you get on your pension savings is limited.
You may have a few options when it comes to investing your money.
The money you save into your pension comes from your salary. There are different ways to make your contributions and they impact the tax savings you make.
Auto-enrolment is a UK Government initiative aimed at helping more people save for the future through a workplace pension.
Life isn't always as simple as we'd like it to be. Some things take us by surprise and those surprises can cost money. Your circumstances will change over time and so may the lifestyle you expect to have when you retire.
This is an example of how salary sacrifice might work.
This is an example of how non-salary sacrifice might work.