Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

    • gra2006
    • By gra2006 12th Jun 17, 10:12 PM
    • 1Posts
    • 0Thanks
    Work place pension help please!
    • #1
    • 12th Jun 17, 10:12 PM
    Work place pension help please! 12th Jun 17 at 10:12 PM
    This is my first post so please be gentle

    I have just quit my job to Manage a flooring shop for my best mate.

    He has been a very successful Floor fitter out of his van and has now progressed to opening a shop.

    He asked me to manage his shop as I have previous experience in managing flooring shops for large established companies but we are both starting this small business retail shop from scratch for the first time.

    We go back over 20 years and I was his best man at his wedding. I know that people say not to work with friends or family but I don't agree and feel that we will be fine.

    Our one and only stumbling block is the work place pension scheme!!

    Neither of us know enough about it!

    Can someone please guide us in the right direction or advise us where to start from an employer and an employee point of view.

    Thanks in advance
Page 1
    • xylophone
    • By xylophone 12th Jun 17, 10:35 PM
    • 22,026 Posts
    • 12,704 Thanks
    • #2
    • 12th Jun 17, 10:35 PM
    • #2
    • 12th Jun 17, 10:35 PM
    Your friend is starting a company and you will be an employee of the company?
    • atush
    • By atush 13th Jun 17, 10:03 AM
    • 16,100 Posts
    • 9,807 Thanks
    • #3
    • 13th Jun 17, 10:03 AM
    • #3
    • 13th Jun 17, 10:03 AM
    He will have to pay into a pension for you (and can do one for himself too)
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

5,119Posts Today

9,188Users online

Martin's Twitter
  • Byebye! I'm about to stop work & twitter, to instead spend glorious time with Mrs & mini MSE. Wishing u a lovely summer. See u in 10 days.

  • WARNING Did you start Uni in or after 2012? The interest's rising to 6.1%; yet it doesnt work like you think. See RT

  • RT @JanaBeee: @MartinSLewis Boris is the anomaly (coffee), the others are versions of normal (beer). Lots of same candidates = vote share d?

  • Follow Martin