Last checked: 24 September 2026
Know what goes in
Check your payslip and scheme information for employee and employer contributions and how tax relief is handled. In most automatic-enrolment schemes, the statutory minimum total contribution is currently 8% of qualifying earnings, including at least 3% from the employer; scheme rules can be more generous and the earnings basis matters.
Do not treat a pension like emergency cash
Pension money is generally for later life and access rules apply. Build accessible emergency savings separately where appropriate.
Rules and allowances change
Pension tax rules can be complex, particularly for higher contributions or unusual circumstances. Use current government and MoneyHelper guidance for decisions.
Useful official sources
Rules and guidance can change. Check the official source before acting.