Pension: Warning as Britons miss out – Rishi Sunak urged to act on auto-enrolment | Personal Finance | Finance


However, with the scheme, there are thresholds to bear in mind at which an employer is required to contribute, or not.

As a result, many of the four million so-called “multi-jobbers” – those with more than one job – working in the UK could be missing out on employer pension contributions.

Research from Scottish Widows have shown these individuals, and those in a similar position, are missing out on £76million per year in employer pension contributions in what is being dubbed an “unfair” system.

As a result, the organisation is now calling upon the Chancellor Rishi Sunak and the Government to scrap automatic enrolment threshold rules.

READ MORE: HMRC update: Could you be entitled to a tax refund? Check now

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *