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Never held a penison...worried...

13

Comments

  • lisyloo
    lisyloo Posts: 30,094 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Morata_ wrote: »
    Sorry to jump on this. If I had worked at school for 4 years and want to check if I had paid any contributions, how do I check who the pension provider was? Call the school? Or it linked to the trust in charge at the time? I worked in school 2009 - 2013 and may have contributed???

    Do you have any P60s?
    If not be aware that you are actually meant to keep these, so you ought to have the latter ones.

    If you do then it might be easiest to ask the school who to contact.

    Auto enrolment became law in 2012.
  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    RedfordML wrote: »
    What would you advise someone with no pension? 38 years young, have 100k equity in my property but have a mortgage for 22 years left on it! (House value around £275k)

    Never felt Ive earnt enough from salaries and always "opted out" to give me the £40+ a month extra in my account - short sighted!

    Just worried what the impact will be once I hit the retirement age of 70!! (haha! be more like 80, when im done!!)


    Yep, probably you'd have had £80-£100 in your pension instead of £40 in your pocket.

    Pensions are like planting trees, best time to plant one 20 years ago, second best time, today.
  • Doglegger
    Doglegger Posts: 102 Forumite
    Seventh Anniversary 10 Posts
    Is the title of this thread a wind up or unfortunate typo?
  • MallyGirl
    MallyGirl Posts: 7,331 Senior Ambassador
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    unfortunate typo - I wish I could edit it but I don't have the rights in this section
    I’m a Senior Forum Ambassador and I support the Forum Team on the Pensions, Annuities & Retirement Planning, Loans
    & Credit Cards boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
    All views are my own and not the official line of MoneySavingExpert.
  • atush
    atush Posts: 18,731 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    RedfordML wrote: »
    100% As soon as I enter FT work, I 100% will enroll, keep contact and details correct.

    Thanks for your advice.

    Join it now, dont wait for full time work.
  • ffacoffipawb
    ffacoffipawb Posts: 3,593 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Doglegger wrote: »
    Is the title of this thread a wind up or unfortunate typo?
    MallyGirl wrote: »
    unfortunate typo - I wish I could edit it but I don't have the rights in this section

    So a bit of a c0ck up by the OP. :)
  • MovingForwards
    MovingForwards Posts: 17,164 Forumite
    10,000 Posts Seventh Anniversary Name Dropper Photogenic
    I've currently got 5 pensions due to changing jobs, when I move I go online and update my address.

    A few times a year I check to see what the current value is.

    It's not loads, but if I never added to another pension again before retiring it would provide some pocket money.

    I know you are not earning much but give it serious thought and see where you can pull back on spending to cover your opt in %
    Mortgage started 2020, aiming to clear 31/12/2029.
  • LHW99
    LHW99 Posts: 5,387 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Morata - if you were teaching, you could try registering for the online pension service, and see if they have a record of you.
    https://www.teacherspensions.co.uk/
  • RedfordML
    RedfordML Posts: 908 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    What does this mean?

    EES 5.5% ERS, 19.3% on the pension part of my wage slip???

    Thanks
  • dunstonh
    dunstonh Posts: 120,243 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    RedfordML wrote: »
    What does this mean?

    EES 5.5% ERS, 19.3% on the pension part of my wage slip???

    Thanks

    Employee and employer
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
This discussion has been closed.
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