What do you contribute to your employers pension scheme?

real1314

I just thought it might be interesting to find out what the contribution rates are for various employers, what the expected return is, and how it compares to others.

So,

Rate of contribution: 8%
Expected return: Half salary for 40 years contribution
Date of Joining: 1990
Sector - Insurance
Salary range £20-25k

Anyone else care to add their details (be as vague / precise as you choose, but try to give it some relevance)

Cap_Scarlet

Rate of contribution: Nothing
Expected return: % infinity
Date of Joining: 2001
Sector -
Benefit approximately £15k per annum if I stay in employment for another 10 years

lisyloo

My employer puts in 5% if I put in 5%.
It's a group personal pension, so return is completely variable.
Wide range of funds to invest in with Scottish Equitable.

lvader

Employer pays 6%, I pay 17% which works out about £11000 a year. I want to give myself a chance of retiireing at 55 hense paying in quite a lot of my salary. I have a final salary that kicks in at 60 so I'll certainly be able to reitre by then, I may not want to but it will be great to have the choice.

sandsy

Occupational money purchase scheme
Rubbish selection of funds through chosen fund manager

Employer contribution: varies with age of employee, currently 12% for me (age 44) + will match up to another 3% depending on age (me = 1% at the moment, going up to 2% on my next birthday)

My contribution: up to me but can be up to 50% of salary on salary sacrifice basis (plus employer shares half of NI saving with employees)

Sector: financial services

Normal retirement date: 60

ERICS_MUM

employee contribution: nil
pension: upto 2/3rds of final basic salary (after 40 years employment)

Basic salary does not include London allowance, car allowance, benefits such as health insurance, cheap staff loans etc.

Paul_Herring

Salary sacrifice. Employer contributes the whole of the NI saving they make on the employee contribution (12.8%,) no more.

e.g. £500/m employee, £64/m employer.

Contributions go into DC fund.

bendix

Defined contribution scheme.

Employee contributes 20%. Employer contributes 9% plus NI saving (salary sacrifice). Total combined contribution approx £46k per annum.

Sector: Professional services / Law

Expected benefit: Who knows; depends how long I contribute at this level.

Contributions go into small selection of share funds with 60% UK exposure, 40% overseas.

Old_Slaphead

Paul_Herring wrote: »

Salary sacrifice. Employer contributes the whole of the NI saving they make on the employee contribution (12.8%,) no more.

e.g. £500/m employee, £64/m employer.

Contributions go into DC fund.

Yep - exactly the same for me.

Currently going into L&G Stakeholder - 50% Managed and 50% Global Eqs

Andy_L

NHS: 6.5% for 1/60ths final-ish (average of last 3 years) salary at 65 with who knows what indexation

C_Mababejive

3% fsps