{"id":149264,"date":"2025-09-17T07:52:08","date_gmt":"2025-09-17T07:52:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/149264\/"},"modified":"2025-09-17T07:52:08","modified_gmt":"2025-09-17T07:52:08","slug":"eoin-mcgee-answers-my-20-year-old-son-has-e20k-in-savings-should-i-encourage-him-to-start-a-workplace-pension-ahead-of-auto-enrolment","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/149264\/","title":{"rendered":"Eoin McGee answers: \u2018My 20-year-old son has \u20ac20k in savings. Should I encourage him to start a workplace pension ahead of auto-enrolment?\u2019"},"content":{"rendered":"<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-91174671_secondary indo-1d70522a_marginbottom4 indo-1d70522a_marginleft0 indo-1d70522a_marginright0 indo-1d70522a_margintop4\" style=\"color:var(--color-primary-80)\" data-testid=\"title-summary\">Can he still join the new government scheme if he works more hours in the future?\n<\/p>\n<p><img decoding=\"async\" alt=\"Employees aged under 30 can put up to 15pc of their salary into a pension. Photo: Getty\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/09\/63c5ddbf-7046-4aec-b687-f8d111335814.jpg\" loading=\"eager\" width=\"100%\" data-testid=\"article-image\"  \/><\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_caption1 indo-300db776_none indo-91174671_secondary indo-66f0fec7_regular indo-1d70522a_marginbottom0 indo-1d70522a_marginleft0 indo-1d70522a_marginright0 indo-1d70522a_margintop3 indo-b48c4984_left\" style=\"color:var(--color-grey-60)\">Employees aged under 30 can put up to 15pc of their salary into a pension. Photo: Getty<\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-300db776_none indo-91174671_primary indo-1d70522a_marginbottom0 indo-1d70522a_margintop0 indo-b48c4984_inherit\" style=\"color:var(--color-primary-80)\">I have a 20-year-old student son who is doing part-time work, usually three shifts a week in a retailer. My question is this: he has approximately \u20ac20,000 in savings from various gifts since he was young.<\/p>\n","protected":false},"excerpt":{"rendered":"Can he still join the new government scheme if he works more hours in the future? Employees aged&hellip;\n","protected":false},"author":2,"featured_media":149265,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[64,63,99,186,4363,184,185],"class_list":{"0":"post-149264","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-finance","12":"tag-pensions","13":"tag-personal-finance","14":"tag-personalfinance"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/149264","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=149264"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/149264\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/149265"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=149264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=149264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=149264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}