Kate Smith, Head of Pensions at Aegon, as Uber rolls out its pension plan for drivers for the first time and urges other companies to create a cross-industry pension scheme. |
“Confirmation that Uber has started to roll out its pension plan for drivers is an important step towards better retirement savings for workers who have previously been excluded from auto-enrolment. For the first time drivers who earn over £10,000 a year will be auto-enrolled into a workplace pension and benefit from valuable employer contributions. Workers who meet the age and earnings criteria will benefit from a total pension contribution of 8% based on a band of earnings, with 3% paid by their employer, and 5% paid by the worker, including pension tax relief. |
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