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Switching to a three-day work week over a ten-year period could lead to workers being £18,000 worse off at retirement, Standard Life says
Part-time workers could face a ‘pension penalty’ of up to £119,000 if they switch from full-time work to working three days a week for an extended period, analysis from Standard Life has found.
The analysis found a full-time worker starting at age 22 on a salary of £25,000 per year who paid in the minimum monthly auto-enrolment contributions would amass a total retirement fund of £434,000...
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