When to use it
A model pension contribution increase letter template which is in line with best practice, contains clear and effective wording, and is easy to edit.
Dear [Recipient first name],
The amount you're paying into your workplace pension is going up
To help you save for later life, we've set up a workplace pension scheme for you with [provider name] (it's a legal requirement). It's your pension pot and your money, it'll belong to you even if you decide to change employer.
[The law requires both employers and employees to gradually increase the amounts paid into your pension pot. It's been introduced in stages to help you better prepare for the future. By law, ]the amount [you|we] will pay into your pension pot is going up by [percentage]%.
Here's how the levels of contributions look:
[Show/describe the current levels, and any changes to contribution levels here]
The full Pension contribution increase letter template will be available once purchased.
Reviewed 28 January 2022