{"id":626756,"date":"2026-06-08T00:42:09","date_gmt":"2026-06-08T00:42:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/626756\/"},"modified":"2026-06-08T00:42:09","modified_gmt":"2026-06-08T00:42:09","slug":"you-may-be-saving-for-your-pension-without-realising-it-heres-how-to-check","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/626756\/","title":{"rendered":"You may be saving for your pension without realising it. Here&#8217;s how to check"},"content":{"rendered":"<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Most workers aged 22 and over, and earning more than \u00a310,000 a year (or \u00a3192 a week; or \u00a3833 a month) should automatically see some of their wages transferred to pension savings.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">If you&#8217;ve no idea whether that includes you, then experts say:<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">the best way to check is by looking at the deductions on your wage slip<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">if that&#8217;s confusing, then check with you HR department or whoever does the payroll at work<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Usually, 5% of your salary will go into a pension savings pot (this is an additional pension pot, separate to what you&#8217;ll eventually receive in a state pension). <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">If you don&#8217;t put this money into a pension, it will be taxed, so you will lose some of it anyway.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Crucially, your employer will then add money into the pot, the equivalent of at least 3% of your wages. <\/p>\n","protected":false},"excerpt":{"rendered":"Most workers aged 22 and over, and earning more than \u00a310,000 a year (or \u00a3192 a week; or&hellip;\n","protected":false},"author":2,"featured_media":626757,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[84,4176,4174,4175,56,54,55],"class_list":["post-626756","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-finance","tag-personal-finance","tag-personalfinance","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/626756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=626756"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/626756\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/626757"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=626756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=626756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=626756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}