Automatic enrolment if you’re 21 or under

Automatic enrolment only applies to workers aged 22 or over. But if you’re younger than that, as long as you’re earning £5,824 or more, you can still opt in and benefit from extra money from your employer.

Start early if you can

If you’re under the age of 22, you won’t be automatically enrolled into your employer’s workplace pension scheme along with your older colleagues.

But provided you earn £5,824 or more a year (tax year 2015-16), you have the right to opt in to the scheme. If you do, your employer will have to contribute to your pension in the same way as for anyone who’s been automatically enrolled.

If you earn less than £5,824, your employer has to give you access to a pension to save into if you ask them to and has to make arrangements for you to join, but they’re not required to contribute to it.

Retirement is a long way off, but saving is a great habit to get into, and if you save into a workplace pension you’ll basically get extra money from your employer, as well as a boost from the government in the form of tax relief.

To find out how a little saving now can help you in the future, use our Workplace pension contribution calculator.

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