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  • FIRST POST
    • Bryando
    • By Bryando 10th Apr 17, 8:52 PM
    • 1,437Posts
    • 420Thanks
    Bryando
    Confused
    • #1
    • 10th Apr 17, 8:52 PM
    Confused 10th Apr 17 at 8:52 PM
    Hi,

    My company have postponed auto-enrolment for three months. But I can join the company one. At a loss frankly!
    NEST is the provider....
    If I move job which is highly likely as dread to think of working for one employer! Does every contribution go into the same pot or will me getting a new job mean the previous stops and a new pot starts?
    Last edited by Bryando; 10-04-2017 at 9:19 PM.
Page 1
    • JoeCrystal
    • By JoeCrystal 11th Apr 17, 12:44 PM
    • 1,248 Posts
    • 702 Thanks
    JoeCrystal
    • #2
    • 11th Apr 17, 12:44 PM
    • #2
    • 11th Apr 17, 12:44 PM
    Hi Bryando,

    It might be better for you to post on the main Pension forum as this sub forum is hardly looked at or indeed responded to. As for your question, yes, when you work for new employer, you will generally have another pension pot to pay into (depending on the nature of the employer of c).
    • LHW99
    • By LHW99 11th Apr 17, 10:11 PM
    • 857 Posts
    • 683 Thanks
    LHW99
    • #3
    • 11th Apr 17, 10:11 PM
    • #3
    • 11th Apr 17, 10:11 PM
    However it appears NEST now allows transfers out, so your fund could be transferred either into a new employers scheme when you move, if allowed, or into a stand alone personal pension.
    • Bryando
    • By Bryando 14th Apr 17, 10:57 PM
    • 1,437 Posts
    • 420 Thanks
    Bryando
    • #4
    • 14th Apr 17, 10:57 PM
    • #4
    • 14th Apr 17, 10:57 PM
    Then surely if I have one pot but need to set up another its only worth opening a pot if staying with the same empoyer?
    • JoeCrystal
    • By JoeCrystal 19th Apr 17, 8:29 AM
    • 1,248 Posts
    • 702 Thanks
    JoeCrystal
    • #5
    • 19th Apr 17, 8:29 AM
    • #5
    • 19th Apr 17, 8:29 AM
    There is nothing wrong with having many pots, what counts are the total value of the pots. I am assuming that your employer contribute into this pension pot, if so, then you will be a fool not to take advantage of free money.
    • AnotherJoe
    • By AnotherJoe 19th Jun 17, 2:11 PM
    • 7,235 Posts
    • 7,745 Thanks
    AnotherJoe
    • #6
    • 19th Jun 17, 2:11 PM
    • #6
    • 19th Jun 17, 2:11 PM
    Then surely if I have one pot but need to set up another its only worth opening a pot if staying with the same empoyer?
    Originally posted by Bryando
    Nope. Money is still money. Doesn't matter how many pots it's in though I think people will end up transferring their previous pension to a personal pension or their new employers, each time they move jobs, so they only end up with 2 pots.
    Last edited by AnotherJoe; 19-06-2017 at 4:40 PM.
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