How to Get Free Cash from Your Employer

You could be missing out on extra income from your employer - maximise your pension contributions and they will too, doubling your savings

Emma Wall 4 April, 2017 | 11:27AM

This week marks the end of one tax year, and the beginning of the new 2017/18 tax year. For investment ideas, back to basics education and advice from the experts read Morningstar’s Guide to Planning for Retirement.

Want to boost your earnings in one simple step? Millions of workers are paying just the minimum contribution into a workplace pension scheme – meaning their employers are too. Maximise your pension contributions and your employer will up their ante too.

Auto-enrolment was introduced five years ago, initially rolled out across the largest businesses in the UK, filtering down by size so that now – in its final stages – the smallest businesses are setting up pension schemes for their employees. Auto-enrolment opts workers into a workplace pension scheme by default, replacing the previous system where workers had to personally request to partake in a retirement savings scheme.

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About Author

Emma Wall  is former Senior International Editor for Morningstar

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