Tesco and salary sacrifice

TheSandman

I'm interested to know if anyone here works for Tesco and has any experience of setting up a salary sacrifice scheme for a personal pension plan (SIPP in my case).

I'm on £19,000 a year or £1,461 gross 4-weekly and would be looking at sacrificing £200 of that.

I've just been on the phone to the Tesco pensions team and they say it can't be done, only if it's through AVCs which would be fine but the investment options the trustees have are abysmal (cash/gilts/lifestyle/equities) at 21 years old I'd obviously be better off with a mix of equities but the fund is too diversified and returns little.

I was quite excited when I thought that I could maybe get £227.60 with their NI thrown in for just £136 reduction in NET pay, now the sums say I'll need to put away £182.08 of take-home pay to get the same result.

Anybody else managed it?