​Saving for a future goal like retirement is always a smart financial move. But if you work for an employer that offers a workplace pension or savings plan, you may have some extra help along the way.

4 key benefits

1. Save more – In most plans, both you and your employer contribute to your long-term savings. That means your savings power is doubled.
2. Save easily – Your contributions come off your paycheque – before you spend it on other things.
3. Pay lower fees – Whether you invest your savings or your employer does, investment management fees can be significantly lower than those you pay as a retail investor.
4. Get guaranteed income – If you’re in a defined benefit (DB) plan, your retirement income is guaranteed for life.