Private Pension Contribution and Living Wage?

6022tivo

https://forums.moneysavingexpert.com/discussion/comment/82153638#Comment_82153638

It varies week by week to be honest.
One of them maybe another has auto enrolled me into a scheme as I did earn about £900 PCM for 3 months with them.

I'm basically in early retirement, well before the retirement age. I think the scheme was NOW:Pensions. Looks a little trash.

Main previous "proper job" pension is with a well known.

It's just a way of maximising any extra from employees before I hit 57 when I can maybe access some if needed.
I was happy to put all my wages in from this small £2k annual job, but their 7% contribution is 7% regardless of my opted min of 4% or 100%, both of which I can't actually do as it takes me below the living wage which they won't allow (apparently, so why offer..) .

I've just tried to keep it simple by opting for 4% to get their extra 7% and will see what happens..

But thanks for all the replies.

It's all a little odd…
The other jobs haven't mentioned pensions at all apart from that autoenrollment because of three well paid months, which I believe (after reading on here) is a legal requirement.

6022tivo

Sorry, I missed a couple of replies..


They are using workday for onboarding and the offers to me are probably the same for everyone (inc full time well paid staff).
I've opted for the 4% contribution to get 7%.
I'm not too bothered as I'm ok for my private pension I think, but was just curious to see if I could SS it to save on NI and potential tax.

Provider is

Pension (NET) - Royal
London Casual Workers