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Savers should top up their pension pots later in life once children have left home, says think tank

Savers should top up their pension pots later in life once their children have left home, says think tank The Institute of Fiscal Studies says employee earnings increase over time with age and experience and therefore it makes more sense to increase contributions It suggested Government revises pension schemes so employee contributions increase with their age and pay rises or when they clear debt such as mortgages Research said typical graduate with two children should increase contributions from 5% of pay before children leave home to between 15 and 25 per cent after

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