Pension perks most sought after workplace benefit replacing private medical care

‘In a climate where many people have been forced to dip into their savings, employers who increase pension contributions can ensure their employees continue to build retirement pots, without impacting their day-to-day finances.’

The figure is higher among older generations, with 39 per cent of those over 55 desiring access to private care.

The same applies to private dental care – with NHS dentistry in crisis, more people are pushed towards private practices in order to get access to a dentist.

However, employers can choose to contribute more than this, with some matching employee contributions, doubling them or offering salary sacrifice schemes. 

Increased pension contributions proved more popular than private medical insurance, with some 29 per cent of workers looking for this as part of an employee benefits package. 

Among those over the age of 55, some 41 per cent said this is their most desired benefit, according to a survey by Zest, with older people often looking to ensure their pension savings are in a good position ahead of retirement.

Most favoured: As many as a third of workers want their employer to contribute more to their pension

Currently, employers are required by the Government to contribute at least three per cent towards employees’ pensions, with five per cent coming from the employee themselves to make up eight per cent of their earnings.

source