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What would you do ?

(3 Posts)
Wineandcheases Thu 24-Mar-16 07:02:29

Maybe in totally the wrong place sorry - more of a wwud than Aibu .
Pension confused
I work part time so aren't automatically enrolled , as I work over 16 hours I can add myself in . Does anyone know what the contribution is my employer would have to pay ? ( they would pay the minimum I know that !)
I'm trying to decide if being with them or waiting until 2017 and setting up a life Isa be best ( I meet the requirements)
Iv tried googling it all but it's boggling my brain - and we can't afford financial advisor

Ifailed Thu 24-Mar-16 07:39:13

the minimum employer contribution is 1% until April 2018, and you pay 0.8%. This, along with a government contribution comes to a total of 2%, frankly a pretty shit pension pot!

more info : www.pensionsadvisoryservice.org.uk/about-pensions/pensions-basics/automatic-enrolment/how-much-do-i-and-my-employer-have-to-pay

Wineandcheases Thu 24-Mar-16 08:07:22

I might be best with that Isa then !

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