Martin Lewis explains how some employees can choose to get ‘more money’ from employer

BUSINESS

Phased in from 2012, all eligible workers should now be enrolled into their employer’s workplace pension scheme, unless the employee has opted out.

This is something which Martin Lewis addressed recently, during a recent radio appearance.

Speaking to Swarzy Macaly on this week’s KISS Life podcast, Martin explained how although it means a portion of money goes into a pension scheme for a later date, employees could end up with a “pay rise” from their employer.

Within a question about savings and spending each month, he discussed auto-enrolment pension schemes.

“Anyone who is an employee, if you work for someone, as long as you’re 22 or over, and earning over around £10,000, you will automatically be saving into a pension – and your company will have to contribute,” the financial journalist explained.

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