We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Pensions - how much does your company pay in?
pinkshoes
Posts: 20,674 Forumite
I thought my pension was reasonable for the private sector, until I spoke to another friend whose company contributes double what mine does, so I thought I'd do a poll to see what percentage (private sector) companies pay into pensions.
I'm after info for private sector companies who pay a % contribution into a pension.
I'm after info for private sector companies who pay a % contribution into a pension.
Should've = Should HAVE (not 'of')
Would've = Would HAVE (not 'of')
No, I am not perfect, but yes I do judge people on their use of basic English language. If you didn't know the above, then learn it! (If English is your second language, then you are forgiven!)
Would've = Would HAVE (not 'of')
No, I am not perfect, but yes I do judge people on their use of basic English language. If you didn't know the above, then learn it! (If English is your second language, then you are forgiven!)
What is the maximum % your company pays into a pension? 47 votes
No contribution
23%
11 votes
up to 2%
2%
1 vote
up to 4%
4%
2 votes
up to 6%
27%
13 votes
up to 8%
14%
7 votes
up to 10%
8%
4 votes
up to 12%
4%
2 votes
up to 14%
2%
1 vote
Over 14%
12%
6 votes
0
Comments
-
Ours pays 6% with no contribution from us, then goes up the more we contribute ourselves.0
-
I don't get a company pension at all.I’m a Forum Ambassador and I support the Forum Team on the Old style MoneySaving boards.
If you need any help on these boards, please let me know.
Please report any posts you spot that are in breach of the Forum Rules by using the Report button, or by e-mailing forumteam@moneysavingexpert.com.
All views are my own and not of MoneySavingExpert.com0 -
Mine matches contributions up to 5%, with the max we can put in ourselves being 6%.:www: Saving for a deposit - Target £30k by 24/03/14 (30th Birthday!) :www:
Current Savings - £18,153.11 / 60.51%0 -
Most the places I worked contributed between 10-15% and would also do matched contributions.
My longest employer did an age related element that started at 10% and went up to 20% basic plus matched contributions of up to 5%, I was on 15% however when they then stopped doing any contributions and instead loaded everybody's salary by 25%. I was highly surprised at the time they did it that they made a big thing on how this would allow you to increase your take home pay instead of having to have a pension but naturally you could continue paying in if you wanted to.0 -
Mine is up to 7.5% (which I have to match), which I thought was quite good until a friend said he gets 15% without having to contribute himself!
The last company I worked at contributed 4.5% max (and I had to contribute 6%).
For people who don't get a pension, how are you planning on funding your retirement?Should've = Should HAVE (not 'of')
Would've = Would HAVE (not 'of')
No, I am not perfect, but yes I do judge people on their use of basic English language. If you didn't know the above, then learn it! (If English is your second language, then you are forgiven!)0 -
For people who don't get a pension, how are you planning on funding your retirement?
If the state pension is still around when I'm old, I'll claim that. I'm also paying into my own private pension (just because my employer won't contribute doesn't mean I can't) and building up my ISA collection each year (tax free wrappers).0 -
At all my previous job there was no pension so the answer would be zero0
-
For people who don't get a pension, how are you planning on funding your retirement?
No idea? More worried about a job to be honest and since I have no property either or a partner I am pretty much doomed. Plus at my age there is no point starting one as my brother who is a fully qualified pensions person told me I'd have to put more than £400 a month into one with the company matching it for it to be worth anything.0 -
-
My company contributes 7%, I have to contribute a minimum of 3% but I match their 7%. Aim to increase my conts by 1% a year.Mortgage May 2012 - £129k
January 2015 - Mortgage down to £114k
Target for 2015 to get down to £105k0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards