The never-ending bills and rising childcare costs means many people are taking on more than one job, but is this hitting your retirement savings?

Scottish Widows is warning that those with multiple jobs may not be saving enough for their pension.

This is because people could hold a number of part-time or jobs each paying less than £10,000, which is the threshold where auto-enrolment starts. That means you could be working full time hours across several jobs but because each employer pays below £10,000, you miss out on getting a pension automatically set up for you and lose out on any employer contributions.

You can only start to benefit from auto-enrolment when you are earning over £10,000 a year.

Those earning £6,032 and above can choose to opt in, but Scottish Widows claims many of them are not doing so. This means lower earners, those working part-time or in multiple jobs miss out on valuable employer contributions into a pension. The Scottish Widows research, in partnership with YouGov, found that 13% of workers have more than one job, while 59% of these have an employer paying under £10,000. Three quarters of those earnings £10,000 told Scottish Widows they were not enrolled in a pension scheme.

The earlier you start thinking about your retirement, the more comfortable it could be. A pension may not be right for everyone but feel free to talk to your financial adviser if you want help planning for your future.

THE VALUE OF AN INVESTMENT AND ANY INCOME FROM IT CAN FALL AS WELL AS RISE AND YOU MAY NOT GET BACK THE ORIGINAL AMOUNT INVESTED.