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Taxopedia  ›  W  ›  Workplace pension
W · Glossary

Workplace pension

Employer-arranged pension scheme — auto-enrol from age 22.

A workplace pension is set up by an employer for employees. Under auto-enrolment rules: 8% minimum total (3% employer + 5% employee from qualifying earnings). Common schemes: NEST, The People's Pension, Smart Pension.

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