Workers will be automatically enrolled into a pension scheme to make it easier for them to save for the future, under new proposals published on 12 December.

The Government's personal accounts White Paper sets out plans to automatically enrol up to 10 million people into personal accounts.

The employee would contribute four per cent of their earnings - which would be matched by a minimum employee contribution of three per cent - and one per cent tax relief from the Government.

Secretary of State for Work and Pensions John Hutton said: “These radical proposals are set to kick-start a new savings culture in the UK . For the first time ever, all employers will have to contribute to a pension for their employees.”

Read the press release
Read the White Paper
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