TUC advises on boosting pensions savings

Money News

www.moneynews.co.uk > Pensions calculator > TUC advises on boosting pensions savings

Topics

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Features

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Companies

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Money News

bullet
bullet
bullet
bullet
bullet

TUC advises on boosting pensions savings

The TUC has called on Westminster to implement a freeze on two of the most important aspects of the upcoming auto-enrolment scheme to ensure as many people as possible will benefit from increased pensions provision in the years to come.

According to the organisation, holding the lower threshold at which contributions have to be paid for earners (£5,564) and the earnings level at which auto-enrolment is triggered (£7,475) will be a positive move for UK savers.

TUC general secretary Brendan Barber said: "Auto-enrolment is a huge advance. But no-one can pretend that contributions are good enough, particularly during the long wait before every company is covered by auto-enrolment and the two years after that before everyone gets their full contribution."

Robin Ellison, head of strategic development for pensions at Pinsent Masons, also recently argued that young Brits need to ensure they start saving as soon as they can in order to build up a nest egg by the time they reach their retirement, with auto-enrolment likely to be a significant benefit to this group.

Click here for more pensions calculator newsADNFCR-323-ID-801289021-ADNFCR

Related News : Pensions calculator

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet