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Pension or Saving?

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  • Andy_L
    Andy_L Posts: 13,156 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    kriss_boy wrote: »
    Ive just realised why a guy in our office got a massive promotion a couple of years before he retires. He applied for a managerial role which will practicaly double his pension!!! Very crafty!! Pay a small pension for 40 years then apply for higher up jobs before you retire!!!

    I suspect he was "bigging himself up" a bit. To double his pension he'd have to double his salary, seems unlikely knowing Public Sector pay scales.
  • kriss_boy
    kriss_boy Posts: 2,131 Forumite
    Andy_L wrote: »
    I suspect he was "bigging himself up" a bit. To double his pension he'd have to double his salary, seems unlikely knowing Public Sector pay scales.

    That was me exagerating not him, hes not mentioned his pension but my dad recons thats the only reason hes done it. He would have went from about 26 grand a year to approx 38K...
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