Tomorrow is worth saving for

Did you know that from next month UK employers will have to, by law, enrol most staff into a pension scheme? Even if you’re not employed at the moment, it’s well worth knowing about it in case you got back to employment, or your partner is employed or if you plan to employ staff yourself. Today’s guest post is from Brenda Vannan, Head of Employer Installation at the National Employment Savings Trust (NEST).

As a busy mum there are so many things to think about and do right now that it can be difficult to take time out to think about the future. We’re also often guilty of thinking about others first, putting their financial needs ahead of ours, particularly when it comes to our children. But one of the best ways to give your family peace of mind could be to make sure you will be ok as well. And that means taking responsibility for your long term financial security.

Next month a new law is coming into effect that should make this task far easier for millions of people, including around 5.5 million women. For the first time employers will have to automatically enrol most staff into a workplace pension scheme that meets or exceeds certain government standards and make a contribution. Continue reading “Tomorrow is worth saving for”