Samantha Seaton, CEO of Moneyhub comments: “The auto-enrolment clock is ticking and soon we will reach the next step towards better life time savings for all. It’s important to remember and understand the benefits of saving for the long term, even if the 3% increase may seem like a large chunk out of your salary at the moment. The contribution rise will allow us all to plan for the long-term and better shape our retirement.
See this as an opportunity to engage with your finances and become more aware of your expenditure and your savings. It’s important to know the benefits of regular pension contributions and be identifying and making smarter financial choices. Good financial habits now will mean a healthier financial future for you and your loved ones.