The basics
Pension
Money saved for retirement. UK employers must enrol staff in a workplace pension and pay in a share, on top of salary.
A plain-English explanation, not financial or tax advice. Rules and rates change, so check your own situation. For free, impartial guidance, try MoneyHelper. Disclaimer.
You'll hear it as
The salary's lower, but the employer pension is 10 per cent.
Why it matters to you.
Employer pension contributions are part of your pay. Compare them when you compare offers.
Related terms.
Videos.
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