refnation

refnation comes to Android on Friday 9 October. Pre-register for launch day.

PRE-REGISTER
Should minimum workplace pension contributions be raised to increase retirement savings?
WelfareEnded 11 Jul

Should minimum workplace pension contributions be raised to increase retirement savings?

Yes 60%No 40%43 votes cast

Workplace pension auto-enrolment currently requires minimum contributions of 8% of qualifying earnings, split between employer and employee. A pensions industry body has proposed raising these minimums, arguing current levels leave many workers with inadequate retirement incomes. Higher contributions would boost long-term savings but cut take-home pay now and raise employer costs.

Jump to opinions· 2

There's a neat irony sitting inside this result: the group with least to lose from higher contributions and most to gain from the habit — those over 65, already through the savings years — backed the change most enthusiastically, while the 55-64s who'd actually feel the pinch in their final working decade split straight down the middle. Britain's appetite for compulsory thrift, it turns out, is easiest to summon once the bill has stopped arriving.

Men were considerably more convinced than women, who divided evenly on the question, and the youngest cohort — for whom decades of compounding should make the case loudest — proved just as unpersuaded as their elders, an even split rather than the generational rally one might expect.

The vote lands on a fault line familiar from every auto-enrolment debate since 2012: adequacy versus affordability, with employers' costs and workers' take-home pay both quietly at stake behind the abstract talk of "retirement income". A comfortable but not commanding majority for raising minimums suggests appetite for reform outstrips consensus on how much it should cost people now.

Even the pensions lobby's own logic — save more, worry less later — couldn't turn this into anything resembling a landslide.

“Individual right to choose”

NO case · patricktheart · 0 respects

60%
Yes
majority
40% No
Votes43
Skipped0
You—

% voting yes, by leaning

—
80% yes among Left voters, 5 of them
75% yes among C. Left voters, 8 of them
53% yes among Centre voters, 17 of them
50% yes among C. Right voters, 6 of them
40% yes among Right voters, 5 of them
—
H. Left
Left
C. Left
Centre
C. Right
Right
H. Right
LeftCentreRight
Spread the wordShare
Debate

2 Opinions

Sign in and vote to share your opinion.
Glasses· 699
The Atlantic Gatekeeper
Voted noRight lean

If you want to you can add voluntary amount without being forced

Voted noC. Right lean

Individual right to choose