Joining the pension
- Will you be automatically enrolled?
- A simple guide to pensions
Get the most from your pension
- Use the tools
- Boost your pension
- Approaching retirement
- Payment options
- Your investment options
- Things to know about investing
- Check or change your investments
- Common questions
|Option||You pay||Your employer pays||Total|
|1 (your minimum payment amount)||5%||8%||13%|
|3||7% or more||9%||16% or more|
Your pension is normally a long term investment and you usually can't withdraw money until the age of 55 (may be subject to change). As with any investment, the value can go down as well as up and may be worth less than what was paid in.