Pension schemes

Part of Finance (No. 2) Bill – in a Public Bill Committee am 2:15 pm ar 9 Ionawr 2018.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Ruth George Ruth George Llafur, High Peak 2:15, 9 Ionawr 2018

My hon. Friend makes excellent points that are absolutely true while auto-enrolment contributions are 1%, and will be even more true when they rise to 3% and then 5%. We are looking to individuals, often on low pay and often at quite an early stage in their working life, to contribute a substantial sum towards their pension, which is for a time they cannot see, so it is vital that these are transparent decisions for them.