Contributions cap

Brockett, James
June 2007
People Management;6/28/2007, Vol. 13 Issue 13, p13
The article reports an announcement by the government of Great Britain that employees' pension contributions into the new personal accounts planned for 2012 are to be limited to £3,600 a year. The figure is intended to ensure focus on low earners and does not undermine existing company provision. The limit will allow a typical worker to build up a retirement income worth two-thirds of their salary.


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