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About auto-enrolment

If you’re aged between 22 and 75, you’ll be automatically enrolled into the Tesco Retirement Savings Plan within three months of starting work, but you don’t have to wait that long if you don’t want to. If you’d like to join immediately, or if you're not eligible to be automatically enrolled, you can do this at any time through Our Tesco.

Auto enrolment is a government initiative designed to help people save for their retirement. This means that Tesco must enrol you into a suitable retirement plan if you meet certain criteria.

How does it work?

  • All colleagues are assessed for eligibility. 
  • If you’re enrolled, you and Tesco will pay into your retirement savings account every four weeks to help you save for your future.
  • Your contributions are taken automatically from your pay. You can look at paying in more if you want to – see Our Tesco.
  • You’ll get a communication confirming that you’ve been enrolled and how much you and Tesco will contribute.

If you don’t think this is the right thing for you, you can leave the Plan. Your enrolment communication will explain how to do this, find out more.

Find out more

Auto-enrolment guide

For a detailed explanation of what auto enrolment is, why you’ve been enrolled and what your options are.

Find out more

How saving for retirement works

We know that saving for retirement can seem complicated, and it can sometimes be a bit overwhelming, especially if you’re new to saving for the future.

Find out more

This isn’t for me

If saving for retirement isn’t right for you, you can opt out of the Plan.