Are you missing out on Pension Contributions?

More than 3 million people across the UK could be missing out on a pension top-up from their employer by failing to make a small contribution into their workplace pension scheme.

According to Royal London, many larger businesses offer valuable ‘matching’ contributions on workplace pensions but the minimum contribution level to a workplace pension scheme is based on qualifying earnings.
 
The rates are set to rise from April 2018, however, employees who don’t take up the offer from their employer could be missing out on an extra £650 of income per year.
 
Royal London estimates that a 40-year-old employee on average earnings who takes full advantage of the employer contribution would have £3,500 per year more than a worker contributing the minimum amount.

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Anthony Burrell
Tax Director

Anthony Burrell is the Tax Director at Golding Accountancy, specialising in UK personal tax, compliance, and strategic tax planning. He works with business owners, landlords, and property investors across the UK, helping them navigate complex tax legislation while ensuring they remain compliant and tax-efficient. Outside the office, Anthony is a dedicated West Ham supporter and has been a season ticket holder for more than 40 years. He also recommends Dext to clients looking to simplify their bookkeeping and financial processes.

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