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STANDARD LIFE FOUND THAT WORKING FROM HOME FOR THREE DAYS A WEEK REDUCES THE COST OF COMMUTING BY AS MUCH AS £2,000 A YEAR ON AVERAGE - A SAVING THAT COULD BE PUT TO GOOD USE IN A PENSION

ELLIOT GULLIVER-NEEDHAM Investment Reporter - City AM and ADAM CAILLER Senior reporter and Reddit team lead 06:23, 21 May 2025Updated 06:24, 21 May 2025 A new study has revealed that

commuters could bolster their pension pots by hundreds of thousands of pounds by opting to work from home three days a week. Standard Life's research found that working remotely for

three days weekly could slash annual commuting costs by up to £2,000. When funnelled into a pension, this saving could yield substantial returns come retirement. Office workers who commute

five days a week shell out an average of £3,454 annually on train fares, in stark contrast to the modest £1,381.60 spent by those who only venture into the office twice a week. Standard

Life's analysis suggests that an individual starting full-time employment on a £25,000 salary, making minimum monthly auto-enrolment contributions from age 22, could amass a retirement

fund of £210,000 by age 68, factoring in two per cent inflation over the period. Article continues below However, if the savings made from reduced commuting costs were channelled into their

pension over their career, this pot could balloon to £370,000 – a whopping £160,000 increase, as reported by City AM. The potential savings are even more significant for London-based

commuters, with Standard Life's calculations indicating a possible £236,000 boost. This dwarfs the £109,000 and £117,000 savings projected for Glasgow and Manchester commuters

respectively. Mike Ambery, managing director for workplace pension at Standard Life, commented on the findings, stating, "Since the pandemic, flexible working options have given workers

a number of opportunities, including the ability to save on their commuting costs,". Article continues below "Our calculations highlight how working from home for even one day a

week could make a huge difference to your eventual pension pot if you were to pass those savings on in extra pension contributions over the course of a career, thanks to the power of

compound investment growth. "There's an ongoing discussion around the right balance between home and office working, and the needs of both businesses and individuals differ.

However, it's worth considering how the financial side of different working setups can influence longer-term goals like retirement." _FOR THE LATEST BREAKING NEWS AND STORIES FROM

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