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What do you contribute to your employers pension scheme?

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  • mitchaa
    mitchaa Posts: 4,487 Forumite
    edited 30 September 2010 at 2:41PM
    Rate of contribution: I pay 6%, employer pays 6% but 1% of this is used for death in service/sickness benefits, so 11% goes into my fund each month. Every 5yrs employer will up their contribution by 1% upto a maximum of 10% at 20yrs.
    Expected return: No idea, hoping for around 40-50% 'final salary'
    Date of Joining: 2010
    Sector - Engineering
    Salary range £55-65k
    Age = 27

    I also have an index linked FSP worth approx £3.5kpa payable from 65.
  • Batchy
    Batchy Posts: 1,632 Forumite
    edited 30 September 2010 at 3:15PM
    15% employer contributions (crica £500)
    0% employee contributions (will be contributing in 2011 following house refurb) which will be 100% of my 2011 payrise (hopefully 5%+) would be nice if it is 10% too (long shot but possible).

    Goes into a 70:30 Global UK Equities L&G
    Private Sector - Petrochemicals (finance)
    Expectations at least 50% of salary following 5 years of 5% and 35 years of 15% contributions
    Started 2005 - fund currently (15k) (lower contributions earlier on in employment)
    Plan
    1) Get most competitive Lifetime Mortgage (Done)
    2) Make healthy savings, spend wisely (Doing)
    3) Ensure healthy pension fund - (Doing)
    4) Ensure house is nice, suitable, safe, and located - (Done)
    5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)
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