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2012 pension

MOUNTY · 2010-09-27 17:53:59

Will i be able to redirect my 1% earnings and 2% employers contributions into my private SIPP rather than the new NEST pension? Also, are companies able to contract out as well as employees?

Comments

jamesd Posts: 26,103 Forumite

28 September 2010 at 12:43AM

The proposed NEST fund charges are also higher than competitive personal pensions or even SIPPs, so that's another reason to want to avoid NEST.

Overall, using NEST is a great way for an employer to demonstrate that they don't care about their employees.

Possibly an exception for employers whose employees are paid so little that their contributions won't even reach £50 a month.

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