We are proud to be a Living Pension Employer

The Living Pension is a voluntary savings target for employers who want to help workers, especially those on low pay, build up a pension pot that will provide enough income to meet basic everyday needs in retirement. It launched in March 2023.

The Living Pension savings target is 12% of a full time Living Wage worker’s salary, made up of a minimum 7% employer contribution. This builds on auto-enrolment, and a minimum contribution level set by the government. Through auto-enrolment, employers must contribute at least 3%, and workers pay the remaining 5%. The Living Pension savings target can also be met as a cash amount of £2,800 a year. The employer contributes at least £1,630 to this cash amount.

The Living Wage Foundation is at the heart of the independent movement of businesses, organisations and people who believe workers should be paid a real Living Wage that meets basic everyday needs. And those needs don’t end with retirement.

Previous research completed by the Resolution Foundation found that 4 in 5 workers saving into defined contribution schemes (16 million workers) were not saving at levels likely to meet basic everyday living costs in retirement. Only 1 in 20 low-paid workers are saving enough which is why the Living Wage Foundation's work is so important.

We are proud to be both a Living Pension and Living Wage Accredited Employer!