Parliamentary Search

Written question asked by Liam Byrne (Labour) on Tuesday, 13 January 2026, in the House of Commons. It was due for an answer on Thursday, 15 January 2026. It was answered by Lucy Rigby (Labour) on Wednesday, 21 January 2026 on behalf of the Treasury.

National Employment Savings Trust Scheme

Question

To ask the Chancellor of the Exchequer, what assessment her Department has made of the effectiveness of the National Employment Savings Trust pilot scheme of autoenrollment savings accounts.

Answer

Payroll savings schemes allow employees to save directly from their salary and are a proven way of helping people start and maintain a savings habit. Research from the National Employment Savings Trust demonstrates that payroll savings can effectively help people to save, particularly where behavioural support is put in place.

As part of the recently published Financial Inclusion Strategy, the Government has worked with partners to provide the clarity employers need to offer payroll savings options to their workforce. The Government also announced an ambitious National Coalition of Employers, which will further encourage uptake of payroll savings schemes among employers.

Secondary information

Type
Written question
Reference
105153
Session
2024-26
Subjects
National employment savings trust scheme
Link
View this Written question on www.parliament.uk