According to recent research, half of the UK’s 4.8 million self-employed workers do not have a pension and only 28 per cent feel confident they are saving enough each month.
The outcome of a recent court case could mean that some savers, with more than £1 million in their pension scheme, will be spared from paying significant bills.
According to recent figures revealed by HM Revenue & Customs (HMRC), pensioners are paying around £4 billion a year more in income tax than previously thought because of an error.
The Government has declared auto-enrolment as an “extraordinary success” after a new report found that workers in small businesses have significantly benefitted from the reforms.
According to the Government, the proposed pensions dashboards are one part of the Pensions Bill, which will be consulted on by the end of the term.