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company pension contributions
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eddiehead
Posts: 20 Forumite
hi all
newbie so excuse any mistakes the company i work for match my contributions into a company pension scheme eg 3% we have been informed due to current market they are not going to match our 3% just enquiring if this is legal or not thanks for your time
newbie so excuse any mistakes the company i work for match my contributions into a company pension scheme eg 3% we have been informed due to current market they are not going to match our 3% just enquiring if this is legal or not thanks for your time
0
Comments
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At the moment the employer can choose to contribute or not unless you have a contract that explicitly states they will pay 3% with no provision to allow amendments.
From 2012 though it will be compulsary for them to contribute that money as it will for all employers. (or equivalent or higher amount)I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
thanks for your reply0
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