Pension contributions: Small change which might enhance retirement pot by £60,000 | Personal Finance | Finance


“In truth, many employers are actually keen to match or exceed worker contributions past the minimal statutory stage.

“This additionally applies to furloughed employees due to the Government’s coronavirus job retention scheme, nonetheless might even see a change if an employer doesn’t make up the distinction between wage and the Government scheme.

“With only a two % enhance in contributions, matched by an employer, Brits can enhance their retirement pot by £60,000.

“Not making the most of that is like turning down a pay rise.”

Another suggestion is to start saving from an early age, fairly than ready till an individual is “prepared”.



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