The Pearson Pension Plan
Overview
The Pearson Pension Plan is a pension arrangement that helps you save for a more comfortable future. The Pension Plan has two sections that are open to new joiners, the Money Purchase 2003 Section (MP03 Section) and the Auto Enrolment Section (AE Section). Both sections are Defined Contribution pension arrangements. If you take no action, you are automatically enrolled in the AE Section; however, under the Money Purchase 2003 (MP03) Section, Pearson will contribute double the amount you contribute every month. So, the more you pay, the more Pearson pays.
Enrolment Type
Must opt in. Visit the Pearson Benefits Portal to enrol.
Age Requirements
16 to 74
You Pay
Between 3% and 8% of Pensionable Salary. The maximum depends on your age. This can also be paid through salary exchange.
Pearson Pays
Double what you pay: in between 6% and 16% of Pensionable Salary
Pensionable Salary
Your basic salary as of 1 April each year, restricted in accordance with the Plan Earnings cap (£223,800 a year for the 2024/25 tax year).
Enrolment Type
Automatic enrolment
Age Requirements
16 to 74, state pension age
You Pay
5% of your Qualifying Earnings. This can also be paid through salary exchange.
Pearson Pays
3% of your Qualifying Earnings
Qualifying Earnings
Salary: over £10,000
Between a minimum of £6,240 per year and a maximum of £50,270 per year for the 2025/26 tax year.
For more information: The Pearson Pension Plan website
Death in Service Benefits
Refer to our Death in Service Benefits page