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Workplace pension advice

Workplace pensions – what you need to know

Workplace or Company pensions are usually either:

  1. A self-invested personal pension (SIPP), where you make your own investment choices and are ideal for directors and partners who don’t have a workplace pension. You can have a SIPP if you’re employed too – they’re not just for self-employed people.
  2. An auto-enrolment scheme, where employers automatically put at least 3% of an employee’s qualifying earnings into a pension scheme on their behalf. These pensions must be offered to all employees by law and come with certain conditions you must stick to.
  3. The minimum auto enrolment contribution to an employee’s pension savings is 8% of qualifying earnings. Employers must pay at least 3% and the employee the remaining 5%.


The value of pensions and the income they produce can fall as well as rise. You may get back less than you invested.

Tax treatment varies according to individual circumstances and is subject to change.

If you’ve already enrolled your staff in a scheme, it’s always worth looking if it gives them the best value for money. If you’ve not taken anyone on yet but are thinking about doing it soon, it pays to get an auto-enrolment pension scheme in place now. 

For help and advice with SIPPs, we’re here too. It could be that your SIPP isn’t performing as well as it should or isn’t as flexible as you thought. Maybe we can help.

How we can help:

Mark Fletcher

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