Jason Green: Help manage the pinch of extra AE contributions

Open Banking and budgeting tools

clock • 3 min read

With auto-enrolment contributions set to rise by 2% next month and a further 2% in April 2019, Jason Green argues UK savers will need some assistance to help them budget and avoid feeling the pinch

Next month sees the first of two phased auto-enrolment pension contribution increases. Auto-enrolment has been a huge success in the last six years, contributing billions in assets and bringing more than 9.3 million new pension savers to the UK market. Even so, as auto-enrolment contributions rise by 2% next month and a further 2% in April 2019, I cannot help but wonder if UK savers will be able to afford such sharp jumps. According to the StepChange debt charity, hundreds of thousands of consumers in the UK are already struggling with their monthly budgets while the Citizens Advice Bure...

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