We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
New job - 3% contribution vs 10% previously
Comments
-
Motherofcelticdragons said:I have agreed a salary 10% higher than I'm currently on, which means more cash in my pocket monthly. the pension package is under review for I'm hoping they'll at least hit 5%.Congratulations on your new job - I hope you enjoy it.as I said in a post earlier up the thread - if you negotiate a pay increase (as you now have done) to cover the decrease in employer pension contribution, and then put at least some of that into a personal pension of your own (or use it to make additional payments into your employer scheme) then your pension won't be any worse off than if your new employer had contributed 10% like your old one.The thing is whether you have the discipline to put at least some of that extra money into a pension rather than just treat it as more cash in you pocket and spend it.....
1 -
Our Company puts in 10% and we put in 5%, Scheme has been running since the late 1980's0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.3K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601.1K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards