Can an employer get out of paying in to workplace pension?

JustAnotherSaver

I know 'legally speaking' they can't, but not everyone does everything legal.

We've all been enrolled. We started i think the payment month was November of last year, or it might've been October. It was one of them.

Now, my workplace is the type of place to begrudge giving you a thank you, never mind actually paying in to your pension.

Which on that alone makes me ask is there any way they can get out of it without you knowing?

Our payslips obviously only show what WE have paid in each month.



More than this, i checked my pension value (or whatever the correct term is) after only about the first 2 contributions, just purely out of curiosity (& i'm well aware of the ups & downs of it all).
Anyway, i can't remember the exact figures but let's say I had paid in total of £50 over the first 2 payments. My employer is also paying in the same 1% as me, so they should've also put the same £50 in. Yet the value was like £20.

Yes, possible, but knowing how my employers aren't really for giving anything, it made me wonder again.

Would it be worth calling the company our workplace pension is through to find out what exactly has been contributed? And could my employer find out if i was to do this?




Or is there just absolutely zero chance that my employer wont be paying in & they'll be doing everything above board totally?

McKneff

Plese be patient. Where i worked the pension contributions were only paid in every 3 months...
ring them byvall means.
Are you job hunting. Personally i wouldn't work for company who did this sort of thing.

xylophone

https://www.gov.uk/workplace-pensions/what-you-your-employer-and-the-government-pay

If you have a question about your pension, you have the right to contact the administrator.

JuneAB

The contributions need to be paid by 19th or 21st of the month following the month which the contribution was deducted. I.e if deducted for February pay it needs to be paid by 19/21 March.

If paid late it's possible you miss out on growth assuming the funds increase.

Contact the pension provider and ask for a statement. If your employer isn't complying with their duties then contact The Pensions Regulator who will direct them to do what they have to and possibly fine them. You can do this anonymously

JustAnotherSaver

Thanks.

I do hope that everything is above board & it probably is.

However having worked there for a while now & without going in to detail - the things i've seen, it just wouldn't surprise me at all is as much as I can say on a public forum.

No i'm actually not job hunting.


Clicking that link it's interesting that it says the minimum that we pay is 0.8% right now, whereas we've all been put in at paying 1%.


Not that i'm complaining. I'm actually paying in an additional amount. I just wonder how they decided that we'd all pay in 1% when that link says 0.8%.

McKneff - i don't know who's contributions were paid in every 3 months for you, but we get paid monthly & our own contributions are monthly. I don't know about my employer. Maybe yearly to maximise the interest they'd get on their money

xylophone

0.8%.

You put in .8% and the tax relief makes it up to 1%.

JuneAB

You might pay 1% but your take home pay will only reduce by 0.8%

Mistermeaner

Off topic but have think about putting more in. 1℅ from yoiu matched by 1% from your employer will equal 2%. 50 years to put away 1 years salary. Do you want to work 50 years for each year of retirement?

JustAnotherSaver

justanothersaver wrote: »

not that i'm complaining. i'm actually paying in an additional amount. i just wonder how they decided that we'd all pay in 1% when that link says 0.8%.

mistermeaner wrote: »

off topic but have think about putting more in. 1℅ from yoiu matched by 1% from your employer will equal 2%. 50 years to put away 1 years salary. Do you want to work 50 years for each year of retirement?

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