The government introduced automatic enrolment in 2012 to help employees and workers get the retirement they want. Since then, millions of employees and workers, supported by contributions from their employers, have begun saving into a workplace pension. The next step is for the minimum amount paid towards your workplace pension – by the Museum and by you – to increase to 8%. This will help towards building your pension pot for your future.
From 6 April 2019, for individuals in the Auto Enrolment Pension Scheme, the Museum will contribute 4% (currently 3%), and you will be required to contribute 4% (currently 3%) from your qualifying earnings, making a total of 8% paid into your retirement savings.
Did you know that:
- Saving into a workplace pension is a simple and easy way to help ensure you get the kind of retirement that you want
- The earlier you begin saving, the more time your savings have to grow. You can also choose to save more than the minimum if you wish
- The money will remain yours, including the contributions made by your employer, even if you change jobs
- When you retire, you will be able to choose how to use your pension savings







