Personal Accounts: Auto-enrolment for those over 22

Details released today in the pensions white paper: ‘Personal Accounts: a new way to save’, reveal people will be automatically-enrolled if they earn between £5,000 and £33,500 a year, although when the system is first introduced the earning bands will be based on the relevant Primary Threshold and Upper Earnings Limit for National Insurance contributions. In addition the paper says people outside the stated age range will be able to join the scheme voluntarily, and receive the compulsory employer contributions where eligible, while the band of earnings where on which contributions are pa...