Increase in workers pausing pensions payments thanks to mounting financial pressures

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Struggling workers are deciding to stop paying into their pensions as the cost-of-living crisis continues to bite, research shows.

Some 13 per cent of Britons who currently contribute, or have previously contributed, to a pension have halted payments due to mounting financial pressures, savings provider Moneybox reports.

A further 4 per cent of employees are planning to stop contributions within the next six months, and 3 per cent expect to do so at some point in the future.

The rising cost of essentials is forcing households to find extra spending money where they can, with pension payments often being the first expense on

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