Help and support
FAQs for Members
What is a pension? FAQs
A workplace pension is a pension offered by an employer for employees to build up pension savings. It can be a defined benefit (DB) or defined contribution (DC) pension (see What types of pension are there?).
Put simply, a pension is a long-term savings plan you use to build up money for your retirement. Pensions have tax advantages compared to other types of saving.