Company pension question

AliceBanned

LHW99 wrote: »

The statement should say if it assumes you continue to pay in at the same rate, or if its only based on the current pot.
Its usually in the (very) small print!

OK thanks. I'll have a look. I did start paying in late so I shouldn't be too surprised if it is based on paying in the same amount.

xylophone

My retirement age is 67..

You should have a state pension to help finance your riotous living..:) https://www.gov.uk/new-state-pension/overview

AliceBanned

xylophone wrote: »

You should have a state pension to help finance your riotous living..:) https://www.gov.uk/new-state-pension/overview

Thanks - not too bad taking that into account, especially if I don't have to pay rent - not certain at this point as I am in shared ownership and it is hard for me to buy 100% of a property where I am.

mark5

Isn't it wrong for them to say pensioners will have no less than £148 if there's going to be a reduction for people who were opted out of paying sp2 etc?

dunstonh

mark5 wrote: »

Isn't it wrong for them to say pensioners will have no less than £148 if there's going to be a reduction for people who were opted out of paying sp2 etc?

Where are they saying that you will have no less than £148?

Contracting out (not opting out as that means something different) is not lost money. Its just coming from a different source and the amount may be different or can be taken in a different way.