State pension loophole could affect millions of Brits trying to save their money
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dailystar.co.ukmoney into the pot, bosses must contribute a minimum of 3% a month into an employee's pension. This is on top of the 5% an employee contributes to a pension scheme from their wages before tax.However, a new study has found around 2.5 million workers are missing out on employer top-ups.According to NOW: Pensions, this is due to employers not earning enough to qualify for a workplace pension.In order to be automatically enrolled onto the scheme, staff must earn a minimum of £10,000 a year from the same employer.Anyone earning less has to ask to be put onto a scheme, but only those who pocket more than £6,240 will benefit from the top-ups.It could affect "under-pensioned" groups, like single mums, divorced women, people with disabilities,.
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