What % of salary do you put in your pension per month and why?

poshrule_uk

19% between me and my employer, got a 5% pay rise in March so increased it by a 1%

housebuyer143

Universities tend to pay the 18% employer contributions. 

jimjames

atari_st said:

What % are you saving and why? 

30% plus 10% employer by salary sacrifice to reduce tax band

NameWithheld

Prism said:

Exodi said:

Employee 10%, Employer 5% SalSac (though I'm in my 30s). I think my wife would kill me if I increased it further (though I'm always tempted as I pay higher rate tax).

You guys from this thread need to get me an interview at your companies - 20% employer contributions, 18.3% employer contributions, etc absolutely bananas!

Are these private companies? What sectors?

As long as the company offers salary sacrifice it doesn't matter what the employer contribution is, only the total package of salary plus pension. My industry tends to focus on wages over salary.

Well it does if, like me, you get paid overtime. My overtime is calculated on pre-salary sacrifice salary, ignoring the employer pension contribution.

[Deleted User]

I put 8% and my employer also puts 8%.

They would put 8% regardless of my input so prior to paying off my student loan was contributing 5%.

GazzaBloom

Age 56 and hoping to retire early in next few years so 48% plus employers 11% plus employee NI saving which my employer also pays in which puts me at the £60K annual allowance

pecunianonolet

Previous employer 7% self and 18% employer so total 25% via salary sacrifice in private sector.

Changed jobs and now it's 4% self and 4% employer, and higher rate tax payer so claiming back from HMRC, which essentially makes it 9% contributions overall. Pension dropped significantly but by changing jobs I managed to get a 30%+ pay increase as old employer had great benefits but very uncompetitive salary and I prefer cash in my account. New employer was asking for almost a half year to join them so was in a decent negotiation position. Would add more to the pension but that would limit savings opportunities for property, especially as planning to buy oversees with a minimum 30% deposit required plus moving cost.

Macsidia

Total of 8% in the NEST scheme. It's absolutely garbage but it's better than nothing.

ZeroSum

Exodi said:

Employee 10%, Employer 5% SalSac (though I'm in my 30s). I think my wife would kill me if I increased it further (though I'm always tempted as I pay higher rate tax).

You guys from this thread need to get me an interview at your companies - 20% employer contributions, 18.3% employer contributions, etc absolutely bananas!

Are these private companies? What sectors?

Public sector 

KonkyWonky

5.45% however I'm in a DB scheme.

Not currently putting anything extra into a SIPP although putting approx 14% into a S&S ISA. Wasn't so keen to put into a SIPP as I wanted access to the cash but as the pot builds I'll consider a SIPP.