The Government wants to get more people to save for their retirement, particularly the low-paid. On ...
The Government wants to get more people to save for their retirement, particularly the low-paid. On the face of it, this looks like a sensible idea. European countries, including the UK, are facing a pronounced demographic shift. Our populations are becoming more and more elderly and our birth rates are falling. Increased life expectancy is the other factor putting a big strain on this system. All of this is putting pressure on a system that relies on tax paid by today's workers, in the form of national insurance contributions, to provide pensions for the retired. When the state pensi...
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