Where did my contracted out contributions go?

CLAPTON

smjxm09 wrote: »

If I and no doubt others were told the consequences all those years ago there would have been a lot less contracting out but no one had a crystal ball to see the consequences of a decision that was basically made for us by companies looking to save some money.

you could of opted out of your pension scheme and hence benefited from the state 2nd scheme instead.

you would of course, have been massively worst off but then you wouldn't have a imaginary chip on your shoulder.

you could also have saved those lower NI contributions in another pension scheme but I guess you didn't and that was some-else's fault too.

smjxm09

CLAPTON wrote: »

you could of opted out of your pension scheme and hence benefited from the state 2nd scheme instead.

you would of course, have been massively worst off but then you wouldn't have a imaginary chip on your shoulder.

you could also have saved those lower NI contributions in another pension scheme but I guess you didn't and that was some-else's fault too.

I think you have lost the plot somewhat and have no idea what you are talking about. Just go back to kicking your dog.:rotfl::rotfl:

mgdavid

smjxm09 wrote: »

If I and no doubt others were told the consequences all those years ago there would have been a lot less contracting out but no one had a crystal ball to see the consequences of a decision that was basically made for us by companies looking to save some money.

I don't think you understand company pensions schemes at all.

xylophone

I don't think you understand company pensions schemes at all.

https://forums.moneysavingexpert.com/discussion/comment/67663520#Comment_67663520 post 35

Does the OP understand that his pension is far more than the minimum?

http://www.barnett-waddingham.co.uk/comment-insight/blog/2014/08/18/what-is-a-gmp/