Tuesday, 17 December 2013

Majority of part-time workers will now miss out on pension auto-enrolment

Commenting on the announcement today (Tuesday) by Pensions Minister Steve Webb that he is raising the salary level that triggers auto-enrolment into a workplace pension to £10,000, TUC General Secretary Frances O’Grady said:
“Every time the government raises the auto-enrolment threshold another group of workers, most of whom are women, drop out of saving for their pension.
“With the average part-time salary just under £9,000 a year, the majority of the UK’s six million part-time workers will no longer be automatically enroled into a workplace pension.
“It is time to break the link between the income tax threshold and the auto-enrolment threshold unless we want to turn auto-enrolment into a pensions system that predominantly benefits men.”

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