Legal & General Workplace Pension: A Plain Guide
Quick answer
The Legal & General workplace pension is a defined contribution scheme: you and your employer pay in and the money is invested, usually in L&G default multi-asset fund. By law the default fund charge is capped at 0.75% a year. What you get out depends on contributions, charges and investment growth, not a salary formula.
Legal & General workplace pension at a glance
| Feature | Detail |
|---|---|
| Scheme type | Defined contribution (a pot you build, not a salary-based promise) |
| Common structure | Usually the WorkSave Pension Mastertrust, overseen by The Pensions Regulator; some employers use a trust or contract-based plan |
| Default fund | Typically a multi-asset or target-date fund, for example the L&G Future World Multi-Asset Fund |
| Charge cap | 0.75% a year on the auto-enrolment default fund by law; many employer schemes negotiate lower |
| Minimum contributions | 8% of qualifying earnings (GBP 6,240 to GBP 50,270), of which at least 3% from the employer |
| Access age | 55, rising to 57 on 6 April 2028 |
| Manage it online | myaccount.landg.com or the L&G app |
| Regulation | L&G is authorised and regulated in the UK; master trusts are overseen by The Pensions Regulator |
Step by step
- 1
Register online
Set up access at myaccount.landg.com or in the L&G app using the details from your welcome pack.
- 2
Check your pot and contributions
Confirm how much is in the pot and that both your and your employer contributions are going in each month.
- 3
Check which fund you are in
Most members sit in the default fund. See whether that suits your age and risk appetite, or whether a self-select option fits better.
- 4
Check the charge
Find your annual management charge. The default is capped at 0.75%, but many employer schemes are cheaper, so it is worth knowing your actual number.
- 5
Decide: stay, switch or consolidate
You can leave it, switch funds, or transfer old pensions in - but check any employer contributions or guarantees you would give up first.
Search for the Legal & General pension and the whole first page is L&G own pages: the login, the contact number, the marketing. This guide is the plain-English version of what sits behind that login, so you can judge the scheme rather than just find the sign-in button. L&G is one of the largest workplace pension providers in the UK, and if your employer uses it you are almost certainly in a defined contribution scheme: money goes in, it is invested, and the pot is yours to take from age 55 (rising to 57 in April 2028).
Two things are worth knowing. First, the charge: the fund your employer auto-enrols you into cannot cost more than 0.75% a year by law, and L&G workplace deals are often below that, which makes it a cheap way to invest. Second, the default fund: most members never change it, and for many that is fine, but it is worth opening your account once to check the fund suits your age and that your employer contributions are actually arriving.
For the wider picture, see how workplace pensions work, the auto-enrolment rules that put you in the scheme, and SIPP versus workplace pension if you are weighing more control against simplicity. To translate the pot into a retirement income, use our pension calculator guide, and to track down old pots see how to find lost pensions. This is general information, not financial advice; tax and pension rules can change, and the value of investments can fall as well as rise.
Frequently asked questions
Is the Legal & General workplace pension any good?
For most employees it is a solid, low-cost default: the auto-enrolment charge is capped at 0.75% a year and is often lower, and the default fund is diversified. Whether it is right for you depends on your contribution level and fund choice rather than the provider name, and it is not a reason on its own to opt out.
How do I check my Legal & General pension?
Register at myaccount.landg.com or download the L&G app. You can see your pot value, your contributions, the fund you are invested in and the charge you pay. If you cannot log in, L&G customer service can reissue your details.
Can I transfer my Legal & General pension?
Yes, a defined contribution pot can usually be transferred to another provider or consolidated. Check first for any exit charge, any employer contribution you would lose by leaving an active scheme, and any valuable guarantees. Transferring is a big decision, so consider guidance from MoneyHelper or a regulated adviser.
Is my Legal & General pension protected if the company fails?
L&G is authorised and regulated in the UK. How your savings are protected depends on the scheme structure: master trusts are overseen by The Pensions Regulator, while contract-based pensions fall under the FCA and may be covered by the FSCS. Your invested pot can still fall in value with markets - protection covers provider failure, not investment losses.
Sources
Save these facts
View the key facts as a shareable graphic.
General information, not financial advice. Tax rules and figures can change; check the current position on gov.uk before acting.