Raising minimum AE levels could boost savings by more than £200,000

Research finds savers could accrue £650,000 at retirement under increased AE contribution levels

Martin Richmond
clock • 2 min read
Raising minimum AE levels could boost savings by more than £200,000

Raising the minimum pension contribution levels under auto-enrolment (AE) could boost savers’ retirement funds by more than £200,000, research from Standard Life has found.

The provider's analysis of a worker who begins working full-time at the age of 22 – with a salary of £25,000 with pension contributions at the current minimum AE levels of 5% employee and 3% employ...

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Martin Richmond
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