Workplace pension increase

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I know a lot of people have a distrust of pensions and think the govt will move the goalposts, but really I think they just use that as an excuse to take the money today rather than saving for their retirement. The UK pension tax laws are extraordinarily generous (far more so than eg the US 401k system); if you do not take advantage of them at least to max out any employers you need to get your head checked.

Furthermore if you are a 40% tax payer I would say that you need to have a very good reason not to be contributing enough to bring your taxable income below the higher rate threshold.

And lastly if your employer offers salary sacrifice again this makes pension contributions incredibly attractive.
 

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