In the 2015 Summer Budget, the government announced yet another reduction to the tax relief available on pension savings, this time targeting individuals earning more than £150,000 per year. Proposed changes to the Lifetime Allowance, announced in the March Budget, were also confirmed.
When employees change the way they work, whether it’s a career break or adjusting work hours, it has a noticeable effect on the income they ultimately receive at retirement.
Ill-health can have a detrimental impact on long-term pension adequacy. Here REBA’s content writer Sarah Haselwood explores how employers can take a leading role in keeping employees connected to retirement savings.
Selecting a workplace pension provider is more than just meeting auto-enrolment requirements. Employers who understand the default are more likely to provide solutions that help employees engage with saving and achieve better retirement outcomes.
