Kompany Car
Well-Known Member
- Joined
- 19 Sep 2015
- Messages
- 3,608
That should be less of an issue in the future now its compulsory for the employer to contribute 3% regardless of if the employee contributes.To be honest, I think very few "play the system."
Not saying they don't exist, but it's negligible IMHO
It's just that there are many who work all their lives with little or even no return. Apart from their State Pension.
Even on minimum wage thats 690 per year and invested over 40yrs (85% in stock market and 15% in bonds) the median return would be just under 450k which is quite astonishing. Einstein even called compound interest the 8th wonder of the world.