New pension

Sedat11

Hello,

I want to start paying into a pension to reduce my income to £123 a week to be able to apply for carers allowance.
I currently get just over £125 a week.

How would i start paying into one?
My employer doesn’t offer one.

Thrugelmir

Sedat11 wrote: »

My employer doesn’t offer one.

First question then is why not?

Dazed_and_confused

Chances are your pension options are going to involve paying into a "relief at source" scheme.

These type of contributions do not reduce your income for tax purposes so you might want to make absolutely certain the type of pension you are going to contribute to is going to achieve the desired result as far as the Carers Allowance is concerned.

Sedat11

Thrugelmir wrote: »

First question then is why not?

Small business and he doesn’t...
Didnt come on here to discuss why he doesn't offer one, looking to find a way to pay into one.

atush

Small business or not, he is required to under law. He is breaking the law by not doing it.

You can open a pension online with Cavendish or HL.

katsu

If your employer doesn't obey the auto-enrolment laws, surely he would be happy to reduce your pay by £3 a week so you can claim carers allowance?

As Dazed and Confused has said, you need to be sure opening a personal pension and paying into it will have the effect of reducing your income as you intend it to.

xylophone

https://www.litrg.org.uk/latest-news/news/180205-any-questions-carers-allowance-%E2%80%93-can-making-pension-contributions-help-you

A stakeholder pension might well suit.

https://www.cavendishonline.co.uk/stakeholder-pension