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Workplace Pensions

Auto Enrolment Pensions

About Workplace Pensions

A workplace pension is a way of saving for your retirement that's arranged by your employer.

Some workplace pensions are called 'occupational', 'works', 'company' or 'work-based' pensions.

You and / or your employer may already have chosen to pay more than the minimum contributions. If your payments are greater than the increased minimum levels, you will not need to pay any more.

The value of your pension can fall as well as rise and you may not get back the original amount invested.




How your Workplace Pension Works

A percentage of your pay is put into the pension scheme automatically every payday.

In most cases, your employer and the government also add money into the pension scheme for you.

The money is intended to supplement your retirement income when you start getting the pension.

You can usually take some of your workplace pension as a tax-free lump sum when you retire.

If the amount of money you have saved is quite small, you may be able to take it all as a lump sum. 25% is tax free but you'll have to pay Income Tax on the rest.

You cannot usually take the money out before you're 55 at the earliest - unless you are seriously ill.




Workplace pensions (Auto Enrolment) and the State Pension

The pension you get from the government is called the State Pension. You get it when you reach your State Pension age.

The money you get from a workplace or other pension could make it much easier for you financially when you are retired.

A pension is a long-term investment, the fund may fluctuate and can go down. Your eventual income may depend upon the size of the fund at retirement, future interest rates and tax legislation.

The pensions regulator is the statutory regulator for workplace pensions. Auto Enrolment is not regulated by the Financial Conduct Authority.



Kennet Financial Services

Our aim is to offer clients Financial Peace of Mind and Real Value for Money

About us

Independednt Financial Advisers (IFAs) based in Devizes, Wiltshire

Our philosophy is simply to guide our clients through the various stages in their lives where expert financial guidance is required from an experienced and trustworthy adviser.

Our aim is to help our clients achieve their financial objectives in a tax efficient and easily maintained manner with clear, uncomplicated solutions.

The reward is being able to work at achieving a long and happy association with clients where trust and transparency are paramount in the relationship.

Advisers David Kinch and Ben Trow have many years experience working with Individuals and Businesses and have built a reputation based on trust and the ability to explain what can be complicated subjects in easy to understand ways both face to face and in writing.

We use our experience to cut through the jargon unfortunately plaguing our Industry to provide options and solutions tailored to your needs.


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We serve people best who:

  • have little time and/or expertise to manage their financial affairs
  • are seeking expert financial advice and/or investment review
  • want help to formulate and maintain a clear financial plan and strategy to make the most of their hard earned money
  • need a “sounding board”
  • want the discipline of a regular review of their finances
  • are seeking a sense of control, peace of mind and financial freedom
  • regard service and a trusted relationship as key to working with advisers of any sort

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Our Specialist Areas

The Financial Services Authority does not regulate Taxation & Trust advice or Will writing.

Kennet Financial Services provides services like financial planning and financial advice, tax, personal pension advice as well as business advice. We also provide many other types of advice and private investing in Devizes, Wiltshire.

We offer a comprehensive financial planning service to include tax planning opportunities. We also provide a bespoke investment management service with an emphasis on strategic asset allocation.



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