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OPT OUT/IN work pension
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The 6.25% is the minimum benefit you get for investing via a pension, compared to investing by other routes.
This is due to the tax advantages of pensions.0 -
Haven’t read the full thread. I’m sure everybody is telling you the same thing. Opting out is possibly the worse financial decision you will ever make.0
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I don’t think you have understood the employer contribution, this is normally 3% of your salary (£25,701). Why do you think it is 3% of your “net” pay?I’m a Forum Ambassador and I support the Forum Team on the Pension, Debt Free Wanabee, and Over 50 Money Saving boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the Report button, or by e-mailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.0
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