Survey finds 70% of employees are unaware of proposals and allowances

OVER 70% of employees were unaware of the Government’s National Pension Framework proposals and its plans to standardise tax allowances on pension investments.

Just one in five of those with a pension (19%), have sought advice since its launch earlier this year, according to research issued yesterday by Bank of Ireland Life.

The research was carried out by the life and pensions company in the run up to the launch of its annual pensions campaign and to highlight the need for professional pensions.