Pensions & Auto-enrolment

A salary sacrifice will lower your National Insurance Contributions whilst boosting your pension, but the amount you could borrow for a mortgage and your entitlement to statutory benefits will both decrease.

Some umbrella employers offer the option of salary sacrifice as part of their own independently administered pension scheme.

Yes, but exactly when you can re-join depends on your employer.

An opt-out from the pension scheme normally lasts for three years.

Yes. If you are auto-enrolled into your umbrella employer’s workplace pension scheme, you can opt out at any time.

Pension contributions can be calculated in different ways, but there are minimum total contributions levels that must be paid under automatic enrolment.

An eligible job holder is anyone over 22 – but under state pension age – who earns over the annual pension earnings trigger in the UK.

Auto-enrolment into a workplace pension scheme is required by law, but you can opt out any time you want.

Yes. All employers have to provide a workplace pension scheme for eligible employees.