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Pension Schemes

Pension Schemes

The state pension isn’t likely to go very far in funding a comfortable retirement, so a pension scheme can be essential in ensuring you have enough cash to spare in your later years.

Auto-enrollment

The government has recently introduced legislation that will require all employers to enroll their staff in a pension scheme automatically by 2018. Both employer and staff will have to pay a minimum of 1% of your salary into the scheme and you will have to opt-out if you don’t want to be part of it.

Defined Benefit Schemes

‘Defined Benefit’ schemes are one of the...

View article source: http://expertsaver.net/savings/retirement/pension-schemes