Pension Autoenrolment

[mattfx]

No pension scheme allows you to withdraw your contributions until you hit the early retirement age threshold, which is currently 55. That's the entire point of pensions.

Any other benefits are due to what the other policies the employer has agreed with the provider.

If you were to fall terminally ill prior to the age of 55 I think you'd be considered unfortunate. I understand the point of pension plans and I am not arguing that they aren't necessary. What I am saying is the government should've just added 8% on to employers and employees NIC's if that's what they wanted to achieve and been transparent about it.

Opting out of auto-enrollment will not be an option forever.

[SueEllen]

If you were to fall terminally ill prior to the age of 55 I think you'd be considered unfortunate. I understand the point of pension plans and I am not arguing that they aren't necessary. What I am saying is the government should've just added 8% on to employers and employees NIC's if that's what they wanted to achieve and been transparent about it.

Opting out of auto-enrollment will not be an option forever.

Many people will agree with you but this government's thinking is that the private sector must take care of everything.