Don’t Miss Out: Benefits From Work That’ll Make You Richer

So we've talked about the basics that an employer has to offer.

But of course, many employers do go above and beyond that.

Can we talk about what's available to help with your

longer term finances? So pension savings is something that supports the longer term finances.

You have to contribute a minimum 5%.

You're auto enrolled.

Your employer will contribute the 3% on top of that.

So that's 8% towards your pension savings.

Some will actually provide higher rewards if you put more in yourself.

So it's worth exploring that.

There's also things like workplace cash ices, stocks and shares ices.

There's also things like share saves that might be available.

Some companies might offer employee share matching.

So if you buy some, they also match.

Some companies will offer bonuses potentially, paid overtime.

So all of these things can factor in.

If companies do offer bonuses, sometimes they might offer for you to be able to take that in a kind of share save initiative so that it's more tax efficient for you.

And we do sometimes hear experts talk about the wisdom of maybe putting your bonus into your workplace pension as well, because that way it's just a nice, easy way to top up your pension without you really noticing it.

Absolutely.

And the tax benefits come along with that because you're not taking the cash element.

That's a very good hack.