People with tax jobs contributing more to pensions than employers?

New research has revealed that those in tax jobs are paying more into their pension schemes than their employers are.

Conducted by the Office for National Statistics, the study found that UK companies have cut the amount of money they contribute to their employees' pensions by £4 billion in the past 12 months.

In 2008, workers paid a collective £42.5 billion into pensions pots, compared to the £40.6 billion offered by bosses, the ONS data showed.

Tom McPhail, head of pensions research at financial advisors Hargreaves Lansdown, told the Daily Mail that businesses are now leaving staff to fend for the themselves when it comes to retirement.

"The message is clear: funding your retirement is your problem and no one is going to do it for you," he explained.

The ONS aims to provide data to UK businesses and authorities in order to help them make decisions and address problems.

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