April's AE increase to grow average retirement pot by £36,000 - Aviva

Aviva has concluded an employee earnings the UK average annual salary of £26,572 could add £840 to their savings pot over the rest of this calendar year, up from £600 in 2017 - representating a 30% increase in contributions by the end of 2018. Based on current contribution levels, an employee earning £26,572 a year who started saving when AE began in October 2012 could have a total of £30,000 in their pension fund at retirement, Aviva said. Since the introduction of AE in 2012, minimum workplace pension contributions have been set at 2% of qualifying earnings. From April 2018, however...