by Benjamin Elks, fundraising, operations and events assistant
For many people, pensions aren’t worth worrying about until they’re nearing retirement. A focus on their careers, saving to buy a home or start a family more often take precedence over saving for the golden years.
In 2012, the government introduced auto-enrolment to encourage more people to save for their retirement, by requiring companies to open pension schemes for their employees. In the private sector, most of these schemes are Defined Contribution schemes. Typically, the employer and employee both contribute a set amount to the scheme and, at retirement, the employee can […]
Full Post at www.taxpayersalliance.com