Help to Save initiative 'could cause AE opt-out surge'

Bigger impact than Lifetime ISA

clock • 2 min read

The roll-out of the government's Help to Save scheme could lead to a rise in automatic enrolment (AE) opt-out rates and have a much bigger impact than the Lifetime ISA (LISA), Aegon has warned.

It comes as HM Revenue & Customs (HMRC) has published an updated timetable in its draft legislation for the rollout of the government-backed saving scheme designed to support working people on low incomes to build up their savings. The scheme will start with a trial in January 2018, rolling out in stages, and will be available to all those eligible from October 2018, instead of the originally planned April start which HMRC had confirmed in October. According to HMRC, over four years, regular savers can deposit up to £50 a month and could receive up to £1,200 in tax-free bonuses under ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Pension first or last? What the numbers really tell us

Pension first or last? What the numbers really tell us

'Focusing solely on reducing the pension before death can increase lifetime tax'

Joshua Croft
clock 28 August 2026 • 4 min read
IHT on pensions: New thinking on taking income in retirement?

IHT on pensions: New thinking on taking income in retirement?

‘This has undoubtedly had a huge impact on planning for many clients’

Lisa Webster
clock 26 August 2026 • 3 min read
Pensions gender gap: A low-profile injustice that deserves more attention

Pensions gender gap: A low-profile injustice that deserves more attention

'Pensions are one of the few financial products where time is the single biggest driver of outcome'

Jessica Cook
clock 24 August 2026 • 4 min read