pension Flashcards
1
Q
What is a pension
A
Money saved for retirement
2
Q
At what age can most people in the UK start claiming the State Pension?
A
66
3
Q
How is an employee’s pension contribution usually calculated
A
A percentage of their earnings
4
Q
Who is eligible for automatic enrolment into a workplace pension
A
Workers earning at least £10,000 per year and aged 22 or over
5
Q
What is the State Pension?
A
A pension provided by the government for eligible workers
6
Q
Why is it important for hospitality workers to save into a pension
A
The industry has low wages, so saving for retirement is important
7
Q
Can someone have more than one pension
A
Yes, you can have multiple pensions from different jobs
