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Non contributory pension question

dancingfairy · 2008-04-21 12:17:59

Hi. I am just about to sign a contract for my first real job. In my contract it says there is a non contributory pension. The agency have told me that I have to make all contributions as the employer will not contribute. However this seems the opposite to what I have found on the internet - which is the employer pays it…

Comments

Gatser Posts: 625 Forumite

22 April 2008 at 10:22PM

dancingfairy wrote: »

This is how I have decided to divide my income up so far.

Well done... you are certainly on the right track overall by simply budgeting.
I have seen many well educated people just not doing that.

Budgeting (IMHO) is the most important aspect of personal financial planning as it allows you to plan for all income / spending / savings and pensions and can be fine tuned over the years as your needs/desires change.
I started at age 24....26 years ago, never regretted it.:T

THE NUMBER is how much you need to live comfortably: very IMPORTANT as part 1 of Retirement Planning. (Average response to my thread is £26k pa)
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