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How to Manage Your Money In the Cost of Living Crisis
Intelligence Squared
Pensions When You're Nearing Retirement
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10 million people, I think, are in a pension scheme through what's called auto enrollment. When you get a job, when you earn more than 10,000 pounds, you're automatically enrolled into a pension scheme in your work. The rules for auto enrollment are that employers have to put in a certain amount,. and you have to putting in a certain Amount is often said to be 8% in total. It cannot be 8%. It's a band of earnings. And so many low paid people, it's more like 4% or 5%. That is not going to buy you an adequate pension. So the only real rule about pensions is putting as much as you can from as young as
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