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peoples pension

geordiesue13
geordiesue13 Posts: 1 Newbie
in Pensions, annuities & retirement planning
hi  I am now 57 and my employer has enrolled me in the pension scheme as i have only about another 10 years working life left is it really worth it at my age I pay around £9ish and my employer around  £12ish   as if i get a little more than the state pension with this one would that then stop me claiming certain benefits when i retire?

Comments

  • dunstonh
    dunstonh Posts: 120,186 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    is it really worth it at my age I pay around £9ish and my employer around  £12ish
    You dont say the frequency but lets say that is weekly. 10 years of £15 free money is £7,800.   Is there a reason why you don't want £7,800 of free money?  (if monthly, then its £1800 of free money)

     as if i get a little more than the state pension with this one would that then stop me claiming certain benefits when i retire?
    That is an incorrect assumption. 

    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.
  • Stubod
    Stubod Posts: 2,621 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 17 June 2020 at 8:37PM
    ..why would you not want free money regardless of how much working time you have left or how old you are?
    .."It's everybody's fault but mine...."
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