Paying into a company pension scheme and BR...

Mr_E_3

Early last year I had the CSA make a very large deductions of earning order upon me (for a period of two years). I thought I could ride it out and one of my means of doing so was to stop paying into my company pension scheme... though I intended re-starting when the CSA DEO ceased (Jan 2010). The pension payment was deducted before I saw my take home pay.

I've an OR meeting next week and I'm beginning to think that stopping paying the pension was the wrong thing to do as I now have more take home pay coming in than if I was paying the pension - more surplus for the OR.

Has anyone had any experience with something like this? If I was to tell the OR I wanted to start paying back into the pension scheme it would reduce my surplus (I'll add that my company will match my payments by up to 5% - !!!!!! I stopped paying for ... one of those you Ffffing idiot moments ... arrrggghhh).

Mr E.

skylight

You are allowed a pension plan and you are allowed to pay into one. You are not allowed though, to pay in so much as to avoid an IPA.

So, if the minimum amount your company will allow you to pay in is £70pm then thats the cap really - you cannot put in £300 for example. My old pension plan was a minimum of £15pm so you need to find out.

Mr_E_3

Hi Skylight,
I've tentatively(sp?) asked my finance dept about minimum amounts I can pay towards a pension. It's being verified, though they believe it's 1%.
Now I don't at present want to query our finance dept too much at the moment about this. Is this usually a percentage of take home or before deductions?
Cheers, Mr E.