Property News · March 2, 2016

Workers need to put 15% of income into pension, report says


Saving more than three times the present average is necessary to have enough cash in retirement, review for Labour party findsWorkers need to put 15% of their earnings into a pension pot, according to a review for the Labour party, which has warned about a return to working until you drop.The report, following a two-year study, said a national retirement savings target of 15% of lifetime earnings, more than three times the current typical amount, should be adopted “to avoid future pensioner poverty”. Continue reading…

Source : theguardian.com
Read more…Workers need to put 15% of income into pension, report says

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