I occasionally have contact from freelance members who aren’t happy that they have been enrolled into a pension scheme as a result of the statutory auto-enrolment. My normal response is – firstly – to remind members that they are turning down more money than they may realise. As this very useful guidance from Penfold says….
“For most people, this works out as 25% on top of whatever you pay in. Contribute £100 into your pension, the government will automatically add £25 themselves via tax relief. If you’re a higher earner, you may be able to claim even more back.”
The whole guide on Penfold’s site is worth reading though.