US EditionHow Much More Your Pension Could Be Worth if Contributions Rise by 1% to 4%
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3 Articles
How much more your pension could be worth if contributions rise by 1% to 4%
Millions of workers could retire with tens or even hundreds of thousands of pounds more in their pension pots if the Government raises the minimum contribution level, new analysis shows.Wealth manager Quilter has revealed how small increases to auto-enrolment rates could significantly boost long-term savings.The figures come amid speculation that Rachel Reeves may ask employers to raise contributions to pension pots in her Autumn Budget.Although…
The National Pensioners' Parliament has proposed a new type of pension calculation that would align pension benefits for the elderly with wage growth. This could give those receiving an average pension up to 100,000 forints more money. But what will it take to make this goal achievable for Hungarian pensioners?
Average pensions are increasingly falling behind average wages, since (since 2010) pensions have only been increased by the annual inflation rate. Moreover, pension increases cannot even keep up with price increases: according to Mfor calculations, the average price increase in the past year was 6.4 percent, while pensions increased by only 3.2 percent. The National Pensioners' Parliament is therefore urging a change in the method of pension cal…
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