This is the concept of being legally and automatically signed up to a pension scheme through your workplace, who will contribute towards the employee's pension. This is a government requirement, where the employee has to pay at least 5%, and the employer at least 3% of the employee's salary into the workplace pension. Employees have to actively 'opt-out' if they don't want it.
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Discover what auto-enrolment means and how it affects your pension.
Written by Ellie Lister
Updated over a week ago