Potential New Job - No Pension

MoneyMan

Hi Guys,

I'm considering a potential new job that provides no Pension with the package offered. My current & previous jobs have had pensions that I have invested, and the company has either matched the amount paid, or paid a higher percentage.

Two questions...

1. How much is a company pension worth? Is it purely worth the amount the company pays in?

2. Is the return on a private pension scheme comparable to a company scheme?

Any advice would be appreciated.

Thanks.

dunstonh

1. How much is a company pension worth? Is it purely worth the amount the company pays in?

Money purchase schemes are worth what the employer pays in. Final Salary schemes are usually worth more. Often worth an equivalent 15% in pay.