Money Box cover image

Pensions for teenagers?

Money Box

00:00

Will Automatic Enrolment Changes Affect Young People?

Laura suitor is head of personal finance at a j bell. Why was 22 fixed in the first place when automatic enrolment was introduced? People were most likely to be starting out in their careers, starting full time work rather than having kind of pard time jobs while they did their studies. And that might be the problem with reducing it, mightn't it? Because people in their late teens, early twenties, many different small jobs, perhaps combined with education, how will they keep track of them? Might some the money that is saved for them get lost? Yes. The owner is on the saver to track down that money themselves. There's also a suggestion of something called a pensions

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app