Treasury chief secretary Danny Alexander took the surprise step of setting out in detail how much different individuals will have to pay in contributions to their pension schemes from April 2012. Thus, those earning less than the full-time equivalent of £15,000 will see no increase in pension contributions. Those earning between £15,000 and £21,000 will see rises capped at 0.6% percentage points, increasing to 1.5 per cent by 2014-15.
Employment Research Unit (WERU), University of Hertfordshire. (Ref. 110492)
Treasury chief secretary Danny Alexander took the surprise step of setting out in detail how much different individuals will have to pay in contributions to their pension schemes from April 2012. Thus, those earning less than the full-time equivalent of £15,000 will see no increase in pension contributions. Those earning between £15,000 and £21,000 will see rises capped at 0.6% percentage points, increasing to 1.5 per ce
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