Government backs bill to expand pension saving to young and low earners

DWP have confirmed it will support proposals to expand Automatic Enrolment, enabling millions of people to save more and to start saving earlier – abolishing the Lower Earnings Limit for contributions and reducing the age for being automatically enrolled to 18 years old.

This will involve lowering the age at which eligible workers must be automatically enrolled into a pension scheme by their employers from 22 to 18 will make saving the norm for young adults and enable them to begin to save from the start of their working lives.

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