We may all be living longer than ever before, but despite that, it’s been revealed that workers are now retiring at a younger age than they were in 1950.
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Pensions
A recent report on the pensions landscape has highlighted that at present rates of saving, a concerning 46% of the UK population will not have sufficient funds to meet the target income for a comfortable retirement.
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We all know the importance of saving for our pensions – but it turns out that we could be missing out on £650 a year, simply because we’re not aware of how employee pension contributions work.
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The heavily publicised ‘gig economy’, powered by the internet, has forced those classing themselves as self-employed to sky-rocket in recent years – indeed, the current estimate is that over 4 million are working for themselves.
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Auto enrolment puts the responsibility for paying into a workers’ pension scheme on the company that employs them.
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Why in this day and age is switching your pension to another provider so hard?
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There is no doubt about it; your ability to save money and optimise your earnings will have a huge bearing on your future.
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