Work place pension dont understand

alta

Hi can anybody help me.
I am on Incapacity Benefit, and also am in the Supported Permitted work scheme. I am allowed under that scheme to earn £91 pw with out losing my benefit, which I do.
My employer is matching employees pension payments, and has asked me what amount I will be contribution?
I have not thought about it as I persumed that I would not have to do it being on benefit. Also I am 55 this year and surley there would not be any point.
Also I'm not sure if this makes any difference, but I have a portion of my ex-husbands pension after a divorce.
Any help will be appreciated, and if possible a link to the information.
Thanks

atush

It menas you can earn a bit more than 91 a week, if any earnings over that level are put into your pension.

What amt will your comoany put into your pension? Do you have to match it to get it? This is know as 'free money' and is always worth taking. As well as that, your contribution will be bumped up by BRTax, so it will immediatley be worth mroe than it was in your own pocket. Not to mention NI tax saved.

So, it should be worth your while as even a small pension is better than no pension. And you could be working another ten years.

Unless you actually like living off the sweat of other's brows. I assume this is not the case as you are trying to work despite your condition.

sleepless_saver

atush wrote: »

It menas you can earn a bit more than 91 a week, if any earnings over that level are put into your pension.

I know this is true for tax credits (HMRC), but I've never seen it for DWP benefits - have you got a source for this for incapacity benefit?

alta

atush wrote: »

Unless you actually like living off the sweat of other's brows. I assume this is not the case as you are trying to work despite your condition.

No I assure you I have no intention of living off anybody. I have worked 34 yrs without asking for help. The only reason I am doing so now, is because of my condition, luckly I have a very understanding employer, this lets me work, not only for the money, but for my health and confidence.

Understandingly they are very strick with there criteria, and I want to have the answer in black and white, as "sometimes" as we all know the benefits office are not fully up to date with everything.
I dont understand the pension things so thought I would ask, what I save in the next 6/10 yrs is going to make very little difference to me.