From this weekend, workers across the UK will find that their minimum auto-enrolment pension contributions will rise to 5% of their qualifying earnings – it’s a minimum of 3% from their employers. It means that a typical 25-year-old, on the national average wage in a company pension scheme, could pay around £31 a month, extra.
The BBC’s Simon Gompertz talks to two hairdressers – Chloe and Taneika – about their own pension concerns.
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