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Changing pay structure

I am currently paid 10 days in arrears
payday 25th , cut off date 15th of the same month.

my employer now wants to change this to 6 weeks in arrears, which means I don’t get paid for November, but when I eventually leave , I get another pay day in

What are the effect on things like pension contributions? 
Fortunately I have savings that I can use to tide me over, but it is unwelcome,

anything else I need to consider?
thanks 

Comments

  • Brynsam
    Brynsam Posts: 3,643 Forumite
    Fifth Anniversary 1,000 Posts Name Dropper Combo Breaker
    I am currently paid 10 days in arrears
    payday 25th , cut off date 15th of the same month.

    my employer now wants to change this to 6 weeks in arrears, which means I don’t get paid for November, but when I eventually leave , I get another pay day in

    What are the effect on things like pension contributions? 
    Fortunately I have savings that I can use to tide me over, but it is unwelcome,

    anything else I need to consider?
    thanks 
    Why don't you get paid for November? What's special about that month?

    Won't have any impact on overall pension contributions, but ask your employer to confirm the timing of these.
  • Because they want to bring it in then,
    there has to be a blank month

    re pensions, if no contribution is made in November, that money is missing out on time in the market
  • mrschaucer
    mrschaucer Posts: 953 Forumite
    Part of the Furniture 500 Posts Name Dropper
    So in effect you'll be working a month "in hand" and will only recoup this on leaving?
    And any new starters commencing on 17th August won't get paid until 25th OCTOBER???? 
  • TELLIT01
    TELLIT01 Posts: 18,614 Forumite
    Part of the Furniture 10,000 Posts Name Dropper PPI Party Pooper
    An employer wishing to effectively delay paying employees for 6 weeks would have the alarm bells ringing very loud for me.  The most likely reason is a cashflow problem and the worst case end result could be them going bust and employees not being paid at all.
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