Freedom Isn’t Free UK Personal Finance
Pensions
Aviva Workplace Pension: A Plain Guide
The Aviva workplace pension is a defined contribution scheme: you and your employer pay in and the pot is invested, usually in Aviva default fund. Auto-enrolment default charges are capped at 0.75% a year. Aviva is one of the UK largest pension providers, and what you get out depends on contributions, charges and growth, not a salary formula.
Aviva workplace pension at a glance
| Feature | Detail |
|---|---|
| Scheme type | Defined contribution (a pot you build, not a salary-based promise) |
| Common form | A workplace group personal pension, often branded Aviva My Money |
| Default fund | Typically a diversified lifestyle default, for example Aviva My Future, that de-risks as you near retirement |
| Charge cap | 0.75% a year on the auto-enrolment default 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 | The MyAviva app or online account |
| Protection | FCA-regulated; how your savings are protected depends on the structure, and FSCS may apply if the provider fails - it does not cover investment losses |