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International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

Martin Lewis Reveals 'Hidden Pay Rise' For Workers Earning Over £10,000 — Are You Missing Out?

Pension contributions are exempt from taxes. (Credit: Towfiqu barbhuiya | Unsplash)

Personal finance expert Martin Lewis had revealed on his previous BBC Radio 5 podcast that people earning over £10,000 could be missing out on a free pay hike. During the podcast, Lewis highlighted two unbeatable pension 'superpowers,' which help employees boost their incomes: pre-tax contributions and employer contributions.

The expert explained the first superpower is contributing to a pension with pretax income, which allows you to save more than it costs you.

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