Gaby Hinsliff (As we give up on saving,we give up on our future, 22 January) wisely steered clear of the crock of worms that is the workplace pension.
Obliged by the government to provide a pension scheme into which all our employees will automatically be kettled, or we’ve made certain that our small publishing company will be alert on time. But it is a small business we have only one employee who qualifies. He plans to opt out of the pension scheme,as is his right, and regards the decision as simple: he prefers to seize what remains of his pay now after PAYE and national insurance, and rather than lose a further piece of it for whatever £35 a week will be worth in 20 years’ time. We have,then, wasted time and money setting up a scheme that no one will spend.
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Source: theguardian.com