Thursday 26 April 2018

Comment: Auto-enrolment pensions scheme is a hassle-free way of getting young on board

When you're in your 20s, chances are your pension is not top of the pile when it comes to your list of priorities. Stock Image: Getty Images
When you're in your 20s, chances are your pension is not top of the pile when it comes to your list of priorities. Stock Image: Getty Images

Anne-Marie Walsh

Selling the notion of making pension payments to young workers is a politician's nightmare, but an automatic scheme would get them over this hump.

When you're in your 20s, chances are your pension is not top of the pile when it comes to your list of priorities.

But paying in 5pc of your wages - be that €100 or €200 a month - from the start of your career is far easier than trying to make up for lost time years later. You could be paying 20pc or 30pc in years to come and still not be able to catch up with someone who enlisted 40 years ago and now has full service.

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