Stronger savings for hundreds of thousands of workers
Major UK employers including BT, M&S, Veolia and Home Bargains have joined the government-backed National Coalition of Workplace Savings to offer payroll savings schemes. Under these schemes, employees can choose a share of pay to save automatically, with savings accessible at any time without charge. The government says over half a million more workers will gain access, and it plans a factsheet on how the schemes fit within National Minimum Wage rules.
