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Made in the UK · Figures for the 2026/27 tax year

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Pensions · 5 min

Skipping your employer's match is turning down a pay rise.

Many employers put extra into your pension if you do. Most people never check.

£2.50

in your pot for every £1 that leaves your take-home pay.

The 10-second version

  • 8%of qualifying earnings goes in by law. Your employer pays at least 3%.
  • £80is what £100 in your pension costs a basic-rate taxpayer.
  • 55the age you can first touch it (57 from April 2028).

Three pots feed one pension.

Your pension doesn't only grow from your wage. Here's where £4,200 a year comes from.

Into your pension
  • You: £1,680

    What you actually lose from take-home pay.

  • Government: £420

    Tax relief, added for you.

  • Employer: £2,100

    Their match, if you pay in too.

£35,000 salary, 6% from you and 6% from your employer, basic-rate taxpayer.

What do you pay in today?

Pick one. Then we'll tell you what to do next.

The match is the whole game.

Same £35,000 salary, 40 years. The only difference is whether you take the full match.

  • Legal minimum

    about £290k

    £192 a month going in

  • 6% + 6% match

    about £530k

    £350 a month going in

Illustration only. Assumes 5% a year growth, before inflation and charges. Not guaranteed.

Congrats, you made it to the end!

Ready to dive deeper? The full Workplace Pensions guide has the mechanics, worked examples and fine print.

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