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View Diary: Freedom means burning your non-existent Obamacare card. Like the hippies would have (152 comments)

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  •  In Britain - pension auto-enrollment (0+ / 0-)
    You open your payslip and your salary is less than usual, quite a bit less. This could be you come October when 10 million employees not currently in a workplace pension scheme will be auto enrolled into one.
    There will though, from October, be a minimum standard with, initially, employees contributing 0.8 per cent of salary (rising in 2018 to 4 per cent), employers 1 per cent (rising in 2018 to 3 per cent) and tax relief accounting for another 0.2 per cent (rising to 1 per cent in 2018).

    But experts say that although most would be best going with the flow of auto-enrolment some should opt-out at the earliest opportunity, preferably within a month. And it seems these groups come from diverse parts of the earnings spectrum.

    "People with expensive debt that needs paying off, for example those who are relying on payday loans or credit cards to survive, may be best getting this in order first

    http://www.independent.co.uk/...

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