Who would believe that it is 5 years this month since Auto Enrolment started. It is estimated that 7 million more people have signed up to pensions. If you opted in you effectively received a pay rise as your employer will have contributed giving you extra money that you wouldn’t have got otherwise.
By opting in you get less take home pay as to get the extra money you need to contribute now. This means that your monthly take home pay will be reduced.
By February 2018 all employers will need to have a pension scheme.
Would you like to download our mobile app from the App Store?Download