Freedom and choice in pensions – Maximise your pension
We have previously explored the future of pension savings, but have primarily focussed on the options available when drawing pension benefits, so let’s now look at saving for retirement and how to maximise the payments you make into pensions.
Following the introduction of workplace pensions and auto enrolment there are different ways of saving now. Auto enrolment is a new law which the government introduced to help people save for retirement and it means that employers will automatically enrol their employees into a pension scheme to which they will also contribute.
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