The insurance company UNESPA commitment to implement in Spain a pension model similar to the British, in addition to the public pillar, there is a private system with mandatory contributions from employers and workers.

This has been explained by the president of UNESPA, Pilar Gonzlez de Frutos, in the presentation of a study on the British system, which is contributing to boost savings and improve retirement income of British workers, especially those of low-middle income.

Since October 2012, British employers have to register all their employees obligatorily to some type of pension plan, complementary to public benefits, and must make minimum contributions whenever the employee contributes with what corresponds to him, although for the worker it is A voluntary system

Since April 2019 the minimum mandatory contribution is 8% of the salary: 3% paid by the employer, 4% on behalf of the employee and 1% provided by the State, which is made through the tax deduction of the contributions and that is included as an extra contribution to the pension plan.

The study, conducted by the professor of the University of Barcelona Fernando Martnez Cue, Note that since the start of the system there has been a significant increase in workers with a company pension plan, reaching 18.7 million people, 87% and 32 percentage points more than six years earlier.

At the end of 2017, 1.4 million companies had enrolled their employees in these systems. Virtually all the large (99%) had done so, among the medium the percentage reaches 97% and among the small, 84%.

The contributions made by the companies in favor of the employees in 2017 totaled 90,300 million pounds (105,967 million euros) and those of the workers reached 20,000 million pounds (23,470 million euros).

He study calculates that the additional amount to be contributed in fiscal year 2019/2020 as a result of the increase in contributions made last April add 19.7 billion pounds (21.005 million euros).

In addition, the study highlights the increase in participation in this forecast system for young people (from 24% in 2012 to 68% in 2016) and for workers with lower incomes, many of whom have started saving for retirement for the first time.

The option to leave the system was only exercised by 9% of the automatically enrolled workers.

British businessmen are in favor of incorporating self-employed and employees with salaries below 10,000 pounds per year (11,735 euros) into this system, who are now not required to register.

The tax subsidies of this system consist of the contribution by the State of 1% of the employee's salary to the pension instruments and the total exemption of the contributions of the workers, although they do not have relief for Social Security contributions.

The amounts in charge of the companies are considered fully deductible expense in the Corporate Tax in addition to not being subject to Social Security contributions.

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