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In need of advice
sithmaster
Posts: 309 Forumite
Hi all, I joined the auto enrolment pension in 2013, I'm currently paying 1% and my employer pays the same.
However I noticed on my paper work that my employer will start paying 5% as from October 2017 and 8% from October 2018.
I have spoken to my pension provider and this has not happened.
I have then spoken to the payroll of my employer and they have said they will not honour this
What should I do?
Thanks
However I noticed on my paper work that my employer will start paying 5% as from October 2017 and 8% from October 2018.
I have spoken to my pension provider and this has not happened.
I have then spoken to the payroll of my employer and they have said they will not honour this
What should I do?
Thanks
0
Comments
-
The dates have been changed to April 2018 and April 2019.
The employer contribution is not that high;
Now - total contribution is 2%, of which employer must pay 1%
April 2018 - total contribution is 5%, of which the employer must pay 2%
April 2019 - total contribution is 8%, of which the employer must pay 3%
So, you will see your contribution going up more than your employers.I am an Independent Financial Adviser. Any comments I make here are intended for information / discussion only. Nothing I post here should be construed as advice. If you are looking for individual financial advice, please contact a local Independent Financial Adviser.0
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