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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 © Shutterstock 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.”
United kingdom
Pete glancy
Lloyds banking group
Scottish widows
Retirement report
Edinburgh based scottish widows
United kingdom government
Coronavirus job retention scheme
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