There are a number of benefits to joining your workplace pension scheme:
Tax relief. To make saving into a pension more appealing, you may be entitled to tax relief at your highest rate.
In general, tax treatment depends on your individual circumstances and may be subject to change in the future. How much tax relief you receive may depend on which country you live in within the UK.
Employer contributions. Depending on how your scheme has been arranged, you may be able to build up your pot even more through the help of your employer's contributions. This lets you save more and potentially achieve a better income at retirement. Speak to your employer about what's available to you.
It can save you time. Your contribution will usually be deducted from your salary and we will invest the money on your behalf, meaning you don't have to arrange anything yourself.
It's out of temptation's way. The majority of people will only be able to access their pension pot from age 55. This means that you can’t be tempted to dip in here and there.
Through your workplace pension scheme with Legal & General, you can register for Manage Your Account. This is our online service where you can monitor the performance of your pension pot at any time, explore and change where your pot is invested and update your details and preferences Log in or register now.