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One million employers have autoenrolled staff into workplace pensions since the government scheme was launched in 2012.

That means more than nine million employees are putting something away to help fund their retirement.

By June this year, all eligible workers will be enrolled into a workplace pension, whatever the size of the company they work for.

To be automatically enrolled you must be between 22 and state pension age and earn at least £10,000 a year.

The legal minimum for workers to save is 1%, and employers must at least match that.

From April, rates increase to 3% for staff and 2% for bosses. In April 2019 it will be 5% and 3% respectively.

While it’s good news more people are saving for old age, the amounts are not enough to build a decent nest egg. Pension experts say we should be saving between 12% to 15% of earnings for a comfortable retirement. Don’t just stick with the minimum. Many bosses will match higher contributions – find out if yours does and put in the most you can afford.