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Not sure employer has taken correct amount
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chelseablue
Posts: 3,303 Forumite


I started my new job on 3rd January
Before starting I put on the new starter form that I wanted to put 5% of my salary into the pension scheme.
My gross salary for January is £2782
But they have only taken £44 pension contribution from me
They have put in £139.10, which is 5% of my months salary.
Does anyone know why I've only contributed the £44?
Before starting I put on the new starter form that I wanted to put 5% of my salary into the pension scheme.
My gross salary for January is £2782
But they have only taken £44 pension contribution from me
They have put in £139.10, which is 5% of my months salary.
Does anyone know why I've only contributed the £44?
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Comments
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when you rang Payroll and/or HR to ask them, what did they say?The questions that get the best answers are the questions that give most detail....0
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I've emailed our HR contact but they haven't responded yet so thought Id ask on here and see if anyone could shed any light0
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What percentage did they say they were going to put inmake the most of it, we are only here for the weekend.
and we will never, ever return.0 -
They pay in 5%0
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Was is exactly £44 or possibly £44.51?0
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Yes it was £44.51!
Now your going to tell me how you know that and I'm sure it will be something that I should of figured out :rotfl:0 -
The relevance of 1.6%? Trying to rack my brain!0
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It's a gross contribution of 2% of £2,782, with the other 0.4% being tax relief...
...though not sure why the OP is paying in 2% if she requested to pay 5%. And if she's paid 2% while the employer paid 5% it's a very generous pension scheme.
Ring HR and chase the email.0 -
This was the response from HR:
"It's because it is updated manually as it is such a young company and guessing didn't go through in time for the early pay run, so the default came out. (2%)
Every pay element has a different system and feeds, so they don't all move at once, sorry.
It is in the records so will definitely kick in next month.
Once you have all your pension info come through, you can always add more to your pension"0
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