Workplace pension

What is a workplace pension?

A workplace pension is another way of saving for your retirement. It works by taking a percentage of your salary, usually on payday, and paying it into your workplace pension plan. In most cases, your employer will also pay in, meaning your pot will grow faster. What's even better is you won't have to lift a finger to set it up - your employer will arrange it all for you!

Thanks to automatic enrolment your employer now has to offer a workplace pension and unless you've specifically opted out, both you and your employer are probably already saving towards your retirement.

You could enjoy tax relief when paying in
You'll also benefit from employer payments boosting your savings
Workplace pension plan is arranged for you
You can transfer your pension plan to another provider if you move jobs


Good to know...

When thinking about starting to save for retirement, you need to be able to accept some element of risk. It's possible that the value of your retirement savings may go down, reducing the amount of money you get back in the future.

Currently you won't be able to get hold of your retirement savings before the age of 55 (unless you are forced to retire early through ill health).

Your Zurich workplace pension plan

I have a Zurich workplace pension plan

To log in to your Zurich Workplace pension plan, you’ll need to use the web address that's printed on both your welcome pack and your annual statement. If you don't have these to hand, give us a call on 0800 917 9907.

Once you're logged in, you can check your pension fund total, update your personal details and find more information about your specific plan.

If you want to transfer your workplace pension to or from Zurich, call us on 0800 917 9907.

I want a Zurich workplace pension plan

Your employer arranges your workplace pension, so it’s best to check with them before you start your research, as it’s likely that you’re already paying into a plan. The HR Team is usually a good place to start!

If you already have a workplace pension but want to start a personal plan, have a look at our Retirement account for more information.