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<p>Automatic enrolment has reversed the decline in workplace pension saving. Latest
figures show that nearly 9.2 million people have been automatically enrolled; with
participation amongst eligible women in the private sector increasing, from 40% to
73%, to equal the rate for men. By 2019/20 an estimated extra £20 billion a year is
estimated to go into workplace pensions as a result of automatic enrolment.</p><p>
</p><p>In addition the Government have introduced the National Living Wage and raised
the personal tax allowance helping low earners. Thanks to these changes, a single
person working 35 hours per week would take home £12,500 after income tax and national
insurance – over £3,300 more than in 2010.</p><p> </p><p>The Government’s recent review
of automatic enrolment, which can be viewed at <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/668971/automatic-enrolment-review-2017-maintaining-the-momentum.PDF"
target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/668971/automatic-enrolment-review-2017-maintaining-the-momentum.PDF</a>,
set out proposals to strengthen the workplace pension reforms, including for lower
earners. By removing the lower earnings limit for those with low earnings or who have
multiple jobs, those workers will have their pension contributions calculated from
the first pound earned. In addition, all savers will be able to get an employer contribution
regardless of their earnings. This will bring an extra £2.6 billion per year into
pension saving.</p>
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