This is how employers check whether any of their employees should be automatically enrolled in a workplace pension. It depends how old you are and how much you earn.
- It’ll be automatic if you earn enough and are between 22 and State Pension age.
- But even if it’s not automatic, you’ll still be able to join if you’d like to.
Based on the current tax year…
- If you’re aged between 22 and the age you’ll get your State Pension, and if you earn more than £10,000 a year / £833 a month / £192 a week, then you’ll be automatically enrolled by your employer. Your employer will have to contribute to your pension savings, and normally you will have to as well.
- If you’re aged 16-74 and you earn more than £6,240 a year / £520 a month / £120 a week, you can opt into the scheme. Your employer will have to contribute to your pension savings, and normally you will have to as well.
- If you’re aged 16-74 and you earn less than £6,240 a year / £520 a month / £120 a week, you can request to join the scheme. You’ll have to contribute to your pension savings, but your employer doesn’t have to unless they want to.