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"This is the first time a domestic property has been sold for Bitcoin in the UK. Selling homes for Bitcoin will become common in the next five years.
"Our industry has largely remained unchanged in terms of innovation in the last 50 years.
This will help those with multiple jobs * Annual reviews of the trigger point for automatic enrolment (at present, when a worker earns £10,000 or more).
Contribution levels will also be reviewed * Exploring the use of technology to encourage the UK's 4.8 million self-employed people to save for retirement The proposals will cost employers an extra £1.4bn a year, and the government an extra £600m in tax relief a year.
She said that school leavers, facing a "storm of financial pressures" should have the same National Living Wage as those aged 25 and over, if they were expected to contribute into a pension.
The move will require legislation, as will the proposed other changes to the system including: * Contributions calculated as a proportion of all earnings up to £45,000 (the threshold of the higher rate of tax) rather than the current system which calculates it as a proportion of earnings between £5,876 and £45,000.
Individuals have the option to opt out if they wish to, although that will mean losing the employers' contribution.
"This re-writes the rule book and shows there is another way to sell property," he said.My mission now is to make sure the next generation of younger workers have the same opportunities," said Work and Pensions Secretary David Gauke. A slice of a worker's pay packet is automatically diverted to a pension savings pot, which is invested until retirement.