Quarter of Brits unaware of govt pension top-ups

Some 16 million Brits are unaware that the government boosts their pension contributions in the form of tax relief, according to the research. Of those, 27% would increase their regular contribution if they knew the government topped it up, the survey, which polled 4,000 people in the UK, found. Typically, UK workers contribute 2% of their annual salary - which is on average £27,000 - into their pension, generating an extra £135 per year in contribution from the government through tax relief, BlackRock said. If they were to increase their payments and save 5% of their annual salary...