To ask about your work place pension?

[Mmmmarmalade]

How much you contribute as a % of your salary and how much your employer does?

The minimum an employer has to is 3% which feels awfully low.

my old old employer had a very good scheme, performed v well to, they paid 10% and then a further match up to 6%.
current is ok competitively but not as good, 8+5%

what’s yours like? Wish I still had my old pension plan, can’t lie

yes mine does the same - 3%, capped at £50k (though i set it up so i don't knock of the first £6,240)

staff are generally paying 5% (i do 50%) but we also encourage anyone who overpays by rebating all the employers NI too so another 13.8% on overpayments.

and done via Salary sacrifice so it saves employee NI too.

I pay 5% and my employer 6%. Private sector.

It's very reasonable to compare a normal pension scheme vs the NHS/local authority scheme: it's the equivalent benefit of around 40% of your salary into a pension scheme (e.g. you are acruing 1/54 of your annual salary per year). It's unbeatable.

Changed jobs in January to one with a defined benefits scheme. Employer pays in 26% as standard and I pay nothing. I’ve opted to increase it though and I pay 3.5% and they pay 29%.

After my 2nd dc I reduced my hours when I returned to work. I was below the threshold for paying into my work place pension. So I paid 0 and my employer contribution were 0.
That's one of the reasons I didn't return to work after dc3.

Those on minium contributions, are you generally we lll paid? If so ask about salary sacrifice, can be very tax efficient for larger payments.

Mine also does absolute minimum which is sadly not 3% as others have said. I am happy with my overall package but have to put masses in myself to take account of the 1% or so that my employers put in.

It does make it tricky to compare salaries if I was to look to move as the pension would be really material to me and it can be tricky to find out the policy from head hunters.

Yes unfortunately it is legal. It is absolutely crap that employers can get away with not contributing to your pension on a huge chunk of your salary.

Employer pays 7.5% and I have just upped my contribution to 20% via salary sacrifice.

Insurance company

I work for a Government rams length non profit and so therefore I get the civil service pension, I contribute 5% and my employer contributes 23%.

NHS. I pay in 12.5%, employer 23%.

Public Sector. I pay 5%, employer pays 27%.

They contribute 12%, plus another 3% if I pay 3%. So 15% from them plus my 3% contribution.

I get a final salary pension. I pay 6%, employer pays just over 21%

Employer 5% matched and I just upped my contribution n from 11% to 15% this month.

@Janome9300
The legal minimum employer contribution is 3% of your salary between £6240 and £50270.

Yes, sorry, that is what they pay. That works out as less than 1% of my actual salary.

I pay 7%, employer pays 24%. I think I have to pay at least 5% but I voluntarily upped it to 7%? I can't actually remember.

I also can't remember whether the amount my employer pays is the standard for the scheme, or whether it's more because I upped my own contributions.

Employer pays 7% and I pay 23% as that is the maximum possible before any additional payments lose tax relief.

These threads always make me really angry (with my employer).

Civil servant so work pays 27%. I think I pay 9%

I pay the minimum in my well paid job and my employee pays the minimum too. They say they would rather pay high wages than up their pension contributions and then it’s up to staff if they pay more into their pension.

I also work self employed and pay a much higher percentage to try to offset the poor employer pension and offset some tax.

Private sector, insurance company. I pay 40%, they pay 12%.

NHS are crying out for staff