If you’re employed, your employer must have a workplace pension scheme in place. If you meet the following criteria, your employer will enrol you into their pension scheme and make payments into your pension:

• You’re a UK resident, usually working in the UK
• You’re aged between 22 and the state pension age (check your state pension age)
• You earn at least £10,000 a year

In your pension, there’s a minimum total contribution requirement of 8%. This is usually built up of your employer contributing at least 3% and you, as the employee, contributing the remaining 5%. Whilst 3% is the legal minimum requirement, many employers may choose to contribute more.

If you’re under the age of 22, you can ask to be enrolled into a pension scheme. Your employer must let you join the scheme if you’re between 16 and 74 years old. At a young age, retirement may seem like a long way away, but it helps you to start saving for a more comfortable life at an older age and may mean you might even be able to retire earlier than planned.

An employer is unable to unfairly dismiss or discriminate against you for being in their workplace pension scheme, nor can they encourage or make you opt out.

What happens when I’m auto-enrolled?

Once you’ve been auto-enrolled, your employer will write to you explaining:

• The date you entered the scheme
• Details about the scheme, including who runs it
• How much they’ll contribute and how much you’ll be paying
• How you can leave the scheme
• How tax relief applies to you

When will I receive my pension?

Pension schemes usually set an age when you can access your pension, normally between 60 and 65 years old, but the earliest age is 55 years old.

In some circumstances, including if you’re retiring early because of ill health, you may be able to access your money before you turn 55.

When you reach your pension maturity date, you can take 25% of it tax-free as a lump sum and you’ll pay income tax on the rest as you receive it monthly.

If you try to take money out of your pension before you turn 55, you may pay tax of up to 55% of the pension value.

Making debt more affordable

If you are struggling with debts call us on 0800 072 1206.   We’re open from 8am – 8pm Monday to Friday and 9am – 3pm on Saturdays.

Alternatively, you can visit our www.payplan.com/police to speak to us via live chat or for more information.

Ignoring money troubles won’t make them go away. The longer you wait, the fewer options you have. Missed payments can lead to late fees, credit score damage, rising debt and even legal action. Before you know it, small struggles can snowball into serious financial stress.

BudgetSmart helps you take action now. Find hidden savings, adjust your spending and get back in control before things spiral. Don’t wait for the next overdue notice.

How does BudgetSmart work?

BudgetSmart is split into categories that will help you to review each element of your household budget.

Simply choose one of the categories for a breakdown of easy actions you can take that may help to cut costs, improving your monthly budget. You can also search for the expense that you’re looking to save money on in the search box.

As an example, if you’re worried about how much your food shopping bill has increased, you can use this category to make small changes to the way you shop, which could add up to big savings over time.

In this category, you’ll find:

• Ways to save money at the supermarket
• Vouchers and free meals may be available to you
• Coupons, cashback, loyalty cards and apps
• Recipe ideas
• And much more

Increase your income with BudgetSmart

Use the Income Maximisation section to check you’re receiving all the income you’re entitled to.

In here, there’s a handy benefits checker, along with information about all the potential benefits you may be able to receive.

Alongside the benefits checker, there’s also tips on other ways to increase your income including:

• Cashback and reward schemes
• Creating a budget and shopping tips
• Discount schemes

Making debt more affordable

If you are struggling with debts call us on 0800 072 1206.   We’re open from 8am – 8pm Monday to Friday and 9am – 3pm on Saturdays.

Alternatively, you can visit our www.payplan.com/police to speak to us via live chat or for more information.

From September 2025, working parents of children under the age of five will be entitled to 30 hours of government-funded childcare a week.

Currently, 15 hours of government-funded childcare is available for all children from the age of nine months. 30 hours of government-funded childcare is available for children aged three to four, if parents are working.

What are funded childcare hours? 

Funded childcare hours are government-subsidised hours of childcare for parents of young children. They’re available to be used in registered childcare settings. The UK government provides these hours to support families by providing their children with early years education in a structured environment.

How do I qualify for these hours?

To qualify, you need to be working or starting a new job, on sick or annual leave, or on shared parental, maternity, paternity or adoption leave. The amount you earn must be at or more than the value of the National Minimum Wage or Living Wage for 16 hours a week on average.

You don’t qualify if your adjusted net income is over £100,000 a year. Adjusted net income is your total taxable income before any Personal Allowances and certain tax reliefs are deducted such as, trading losses, donations to charities through Gift Aid and pension contributions.

If you’ve been self-employed for less than 12 months and you earn less, you may still qualify. Income that doesn’t count includes dividends, interest, income from property investments or pension payments.

You apply via the Government website to receive your childcare code, which you need to give to your registered provider. When you have your account set up and the code is active, you need to reconfirm your eligibility every three months.

What other financial support is available for parents?

• Tax-free childcare – You can get up to £500 every three months (up to £2,000 a year) for each of your children to be used to help with the cost of registered childcare. This goes up to £1,000 every three months if a child is disabled (up to £4,000 a year). It can be used in addition to funded childcare hours.
• Child Benefit – You can receive Child Benefit if you’re responsible for raising children under the age of 16, or under 20 if they stay in approved education or training. From April 2025, rates increased as follows:
  • First or eldest child: From £25.60 a week to £26.05 a week
  • Any additional child: From £16.95 a week to £17.25 a week

What you can do next

If you are struggling with debts call us on 0800 072 1206. We’re open from 8am – 8pm Monday to Friday and 9am – 3pm on Saturdays.

Alternatively, you can visit our www.payplan.com/police to speak to us via live chat or for more information.

If you’re behind on regular payments or falling into debt, BudgetSmart has hundreds of easy actions you can take to improve your monthly budget and bring you back onto the path to clearing your debts.