this post was submitted on 16 Feb 2024
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chapotraphouse

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[–] [email protected] 7 points 1 year ago (1 children)

They also make broker commissions and account fees from holding investments. Just skimming right off your earnings

[–] [email protected] 7 points 1 year ago

it is so fucked, if you earn little and you get auto-enrolled into a default scheme with high fees in the UK, literally your entire savings will be eroded by fees within the year