Low earners miss out on £122m in employer pension contributions

Low earners miss out on £122m in employer pension contributions
Updated: July 12, 2021, 11:54 am
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Low-paid workers have suffered a massive pension hit during the pandemic
Low-paid workers around the UK who have lost income during the pandemic have also missed out on employer pension contributions estimated to be worth a total of £122 million.
The figure was calculated by pensions specialist Scottish Widows, which has called for reforms so those forced to opt out of auto-enrolment to make ends meet will continue to receive contributions from their employers.
Those on lower incomes – and less likely to have worked at home during the pandemic – have seen their finances hit hard, and are leaning on savings to cover bills and short-term needs.”

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