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But the Government hopes we all get into the savings habit as a result of auto-enrolment and save into other retirement plans too, making us all better off in retirement.
* * * Self-employed people, on the other hand, are struggling to save into a pension.
The couple funnelled whatever money they managed to save into his odd obsession.
Secondly, we all need to take more personal responsibility and save into our pensions".
This is the amount an individual can save into a pension in their lifetime.
Older generations had not been encouraged to save into a pension scheme as the pensions industry had hardly developed.
Meanwhile, the Treasury is saving more than £800m from pushing back rises to pensions contributions for employees who save into workplace schemes.
This allowance is on top of the £15,240 that every adult can save into a cash Isa, where interest is paid tax-free.
Nearly three-quarters (72%) of people said they would be more likely to save into a pension if it guaranteed a level of retirement income.
Savers increased their Isa contributions by £20bn in 2015, but a law has had to be passed to make people save into a pension.
The maximum amount you can save into the Isa each year is £4,000 a year – the government will give you a £1,000 bonus on that amount.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com