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Government 'dithering' on pension reforms could cost low earners thousands
Government 'dithering' on pension reforms could cost low earners thousands
TUC
5 Feb 2019 United Kingdom Automatic Enrolment, Pension Reform, Savings
The TUC has published analysis showing that Government delays to pension reforms could leave low-paid workers thousands of pounds worse off. The research highlights that the Government has pledged to remove the Lower Earnings Limit (LEL), boosting the pension pots of workers on low income, but has only suggested a vague commitment to implement this in the mid-2020s. The research shows that delaying the removal of the LEL by just six years could mean a worker earning 10,000 loses out on a sixth of the value of their pension pot.

More details are generally available exclusively to subscribers of Perspective, the electronic pensions legal & regulatory information and news service. To read the summary, subscribers should launch Perspective and navigate via the Table of Documents to PensionSurveys >> Feb 2019 or click here (this link will not work in all circumstances). For further information about Perspective click here.

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