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More than three million workers are missing out on an annual £2billion boost to their pension savings – that’s more than £650 each per year.

Automatic enrolment into workplace pensions has legal minimum contributions from both workers and bosses, currently 1% from each.

Many larger employers offer to match additional pension contributions employees are willing to make. Some even go up to 9%.

But analysis from Royal London shows that the take-up is very low at some firms.

A 40-year-old average earner who took advantage of an additional 3% employermatched contribution would have an extra £3,500 yearly income compared to someone who contributed only at the minimum level.

Steve Webb, Royal London director of policy, said: “Much more needs to be done to make workers aware of the money their employer will add to their pension if they are willing to contribute at a slightly higher level.”