Since 2018, many employees will have a workplace pension – like The People’s Pension – that must meet the government’s auto-enrolment regulations.
For most people this is basically a pot of money your employer helps you fill up. You pay in a small percentage of your wages and they add some more. You get tax relief on the money you save into your pension pot too – so you end up with quite a bit more than you pay in.
Then, with pensions like The People’s Pension, your pot of money gets invested to grow over time. Normally available anytime from your normal minimum pension age. Ready to enjoy as an income or cash (or both!).