UK keeps £10,000 threshold for workplace pension enrolment, sparking debate on retirement savings.

The UK government has decided to keep the annual earnings threshold for automatic workplace pension enrolment at £10,000 for the 2025-26 tax year. Pensions Minister Torsten Bell stated this ensures the system is economically viable for individuals and affordable for employers. However, critics argue this freeze missed an opportunity to increase contributions and improve retirement savings for many workers.

2 months ago
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