Work and Pensions Secretary Amber Rudd has announced proposals that are set to revolutionise retirement planning with initial industry models expected this year.
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Every worker in the UK, who is between 22 years and the state pension age, earns above the yearly personal allowance and works in the UK will automatically be enrolled in a pension scheme by their employer, meaning that a percentage of their salary will be automatically deducted and added to the pension scheme.
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