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Pension contributions not adding up

baileywin
Posts: 56 Forumite
Earn £33k a year (£2,750pm)
Pension contributions are 0.8% of qualifying income (which my employer defines as <£43k
I think my pension contributions should be £22pm.
My actual contributions are £22.60pm.
I've only been in the scheme two months.
It's not the 60p I'm worried about, more that somewhere in my spreadsheet I've got the maths wrong.
Any ideas?
Pension contributions are 0.8% of qualifying income (which my employer defines as <£43k
I think my pension contributions should be £22pm.
My actual contributions are £22.60pm.
I've only been in the scheme two months.
It's not the 60p I'm worried about, more that somewhere in my spreadsheet I've got the maths wrong.
Any ideas?
0
Comments
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How do your figures match up to the annual / monthly and weekly figures here:
https://listentotaxman.com/33000?plan=0&pension=0.8%25Goals
Save £12k in 2017 #016 (£4212.06 / £10k) (42.12%)
Save £12k in 2016 #041 (£4558.28 / £6k) (75.97%)
Save £12k in 2014 #192 (£4115.62 / £5k) (82.3%)0 -
TrustyOven wrote: »How do your figures match up to the annual / monthly and weekly figures here:
https://listentotaxman.com/33000?plan=0&pension=0.8%25
I have a student loan, too.0 -
any other opinions?0
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Earn £33k a year (£2,750pm)
Pension contributions are 0.8% of qualifying income (which my employer defines as <£43k
I think my pension contributions should be £22pm.
My actual contributions are £22.60pm.
I've only been in the scheme two months.
It's not the 60p I'm worried about, more that somewhere in my spreadsheet I've got the maths wrong.
Any ideas?
Your maths looks just fine to me.
I could only suggest you ask your employer to clarify the contribution levels, and the difference that you are seeing.I am an Independent Financial Adviser. Any comments I make here are intended for information / discussion only. Nothing I post here should be construed as advice. If you are looking for individual financial advice, please contact a local Independent Financial Adviser.0
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