Work pension worth it short term?

Wookey

Kayalana99 wrote: »

Thanks for the replies, no I genuinely won't be here in absoulte max 2 years. I think we are talking about £10-15 a month into a pension so didn't think perhaps it was worth having a £300 pension pot unless it was something that could easily be transfered? Otherwise won't it mean for next 40-50 years I'll have to keep record of this ridiculously small pension pot unless it moved to the next company etc?

Employer puts in the same amount, yes.

The pension provider will have to post you a yearly update on it's value, in 30 or 40 years time that could have grown substantially without you having to lift a finger. If you stay 2 years and your employer matches the amount then at £15 a month from you that would be £660 in two years, at 5% growth over 30 years you would have around £2800 in the pot without any further payments being made into it.