8 in 10 workers can afford Npss payments

Research from B&CE Benefit Schemes reveals eight of ten workers believe they could afford the 4% minimum contribution, despite almost five million people claiming they are not saving for the future. The survey of almost 800 workers highlights one in four workers - 4.7 million people - are not saving anything for retirement, and suggests 59% of these are also ignorant of the tax benefits of saving in a pension. In total, B&CE claims over 40% of workers are unaware of tax incentives for pensions, a number which increases to 46% of women in full-time work. In addition exactly half of ...