Money Saving Expert founder Martin Lewis has warned UK workers they could be 'throwing money away' with one mistake. The consumer expert was fielding calls on ITV's This Morning on Wednesday morning over the ongoing cost of living crisis.
He was on the show to help out Brits face rising energy bills, gas prices, food grocery shop bills, rises in council tax, National Insurance contribution hikes and more, Birmingham Live reports. One of the questions came from Emma, who asked Martin about joining a workplace pension at the age of 66 through auto enrolment.
He told her: "The minimum contribution is 8% of your salary, in which case the firm must put a minimum 3% in. If you opt out, you are essentially giving away a pay rise - they are giving you 3% extra.
