This article covers the basics of setting up your workplace pension as an employer: What is a pension? What is auto-enrolment? Who must be put in a pension? What money goes into a pension? How can a pension make a difference to your business?
Helping you navigate the world of pensions
It's never too early or too late to start saving in your pension
This is where we share updates on Maji and tips to help you make the most of your pension savings. Wherever you are in your savings journey – just getting started, thinking about starting, or a long-time saver, Maji’s team of financial coaches and experts have guidance and support for you. You can also stay up to date on Maji news by signing up for our newsletter.
You can take an action today which could give your children hundreds of thousands of pounds in the future for ‘free’. How? Junior pensions!
A Junior Pension is a savings account that you set up for your children or grandchildren. You can pay in up to £2,880 per year. The government tops up the amount by 25%, taking the total up to a maximum £3,600 per year. This money is held in their name and invested on their behalf, tax-free, until they can access it from age 55.
Maji is joining Tech Nation’s prestigious Fintech 3.0 programme. Business accelerators have played an important role in Maji’s journey to market. Joining the Tech Nation cohort offers the perfect time for CEO Sahil Sethi to reflect on the things he’s learned from participating in business accelerators over the past two years.
If the word pensions fills you with dread, you’re not alone. Seventy-seven percent of people say they don’t understand their pension enough to make informed decisions about saving for their future. It all starts with small steps. To help you get started, Maji has created a simple Pensions MOT, with six simple questions to ask yourself and tips to help you get fighting fit for your financial future.
More than 15 million Britons are not saving adequately for retirement and almost half of all UK adults have under £500 set aside to handle unexpected expenses. This savings challenge is massively impacting people’s quality of life. Maji helps people take control of their financial life, starting with their pension. We envision a not-so-distant future where we turn the current pension savings gap into a savings lifeline that gives everyone the dignity, and the luxury, of a financially secure retirement.