Are you missing out on a hidden pay rise? Anyone working and aged between 22 and 66 needs to check

Are you missing out on a hidden pay rise? Anyone working and aged between 22 and 66 needs to check
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Are you missing out on a hidden pay rise? Anyone working and aged between 22 and 66 needs to check
Author: Lynsey Barber
Published: Feb, 11 2025 08:44

Summary at a Glance

Your statement pay show different numbers to the pension deductions on your payslip, as the pension one will show tax relief.

So if you put £100 in to your pension, instead of paying income tax on that amount, the government instead puts it into your pension.

It's the law that your employer must pay in to your pension if you make contributions.

A minimum of 8% must be paid into the pension, with you contributing 5% and your employer paying at least 3%.

Anyone working and aged between 22 and 66 needs to check WORKERS should make a simple check as they could be missing out on a hidden pay rise worth thousands of pounds.

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