Understanding Workplace Pensions in the UK

workplace pension

A workplace pension is a retirement savings plan set up by your employer. Contributions are made by you and your employer, which are then invested to grow your savings. After retirement, you can take some or all of the money from your pension, usually subject to tax. Your employer should give you information about the scheme and your options, and it’s recommended to seek professional advice if unsure. It’s vital to understand your workplace pension for future financial security.

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