Do you know how much you're paying into your workplace pension?

hl.co.uk:

We don’t support this browser anymore.
This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Newsroom

Newsroom articles are published by leading news agencies. Hargreaves Lansdown is not responsible for an article's content and its accuracy. We may not share the views of the author.

HL Podcast

HL Insight

One in four don’t know how much is going into their workplace pension. Finding out how much you and your employer pay in could make a big difference to your retirement plans.

This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.

Published on 2 November 2023

It was correct at the time of publishing. Our views and any references to tax, investment and pension rules may have changed since then.

Many of us have no idea how much we and our employers are putting into our workplace pensions.

Those over 55 are the most likely to be unaware, with almost two in five saying they don’t know how much is going into their workplace pension. Women were also more likely to say they were unaware (almost one in three) compared to men (one in five)*.

This is likely due to auto-enrolment. It’s easy to be set up with a pension by your employer and just let the money go in from each pay cheque.

But the risk of not paying attention could leave you with a nasty shock later if you discover you’re too far from funding the retirement you hoped for.

Here’s how to find out what you and your employer are paying into your pension. Plus, ways to boost your retirement savings.

This article isn’t personal