What percentage does your employer pay into your pension each month?

[Star2015]

I may be in a position to negotiate a better % paid into my pension each month but have no idea what a ‘good’ percentage is... at present it’s at 1% rising to 3% then 5% over the next 3 years.

What percentage should I be aiming for when it comes to negotiation?

I’m 33 and only have a very basic amount saving in previous pension pots from employers so I’m thinking this will be my ‘main’ pension pot when I retire.

Thanks!

The more the better! A recommended amount for someone your age is 16% of your salary, that's made up of both your's and your employers contributions.

www.moneysavingexpert.com/savings/discount-pensions#howmuchshould

3- 5 percent is fairly normal in the private sector.

Public sector is enormous in comparison. Doesn't work in quite the same way but the employer contribution can be the equivalent of 20% plus

pension is more difficult to negotiate than basic salary since the scheme administration can restrict things

My employer contributes 16% into our company pension scheme (I'm in HE). Is yours a People's Pension Scheme? I think the figures you mention are more in line with that - my workplace pays between 1% and 3% into ours.

Mine is a public sector type role, so 20% on top of my contribution.
In regard to your situation , it's a great opportunity and of great benefit to you long term. Are they able to negotiate on paying directly into your pension pot, or is it a case of a salary increase that you intend to pay into your pension? It may be worth considering how this will impact on future roles and salary negotiations outside of the business

I have no idea the %, but I am public sector, pay in £100/month and get a career average pension. I'm on £22k a year.

18%.

Private sector here, previous employer matched contributions up to 7%, current employer matches up to 5%. If I choose to contribute only 2% then my employer will do the same so it makes sense to get the max. If I don't pay anything in, neither will they.

I'm public sector on 20k pa. I pay 6.5% of my monthly salary into LGPS which I believe is matched by my employer. I'm on carer average and have paid 6.5% since I started in my early 20s nearly 10 yrs ago.

Is there a rule of thumb that says you should look at the age you are when starting pension contributions, half it, then that's the percentage you should be paying in.
So in your case that's 32/2 =16%

16.48% (teaching) - I put in 7.4% (part-time - the percentage goes up as you earn more topping out at 11.7%).

DH works in the private sector and his employers match his contributions up to 8% (his previous employer matched up to 10% - not sure about before that but think it was pretty generous too).

LGPS : Employer contribution is upwards of 20%

Teaching, NHS, MOD and Civil service are all "unfunded" schemes so it is a "deemed contribution rather than a real one
and averages 18%

Private sector : the legal minimum climbs in April to 2% but any employer paying less than 6% clearly does not value their staff

I pay 6%, company tops up to 25%. It’s is a defined benefit pension though, not final salary.

It’s is a defined benefit pension though, not final salary.
You mean defined contribution
DB is linked to salary
DC is fixed amounts

the latter is the mother of all mis selling scandals that will hit in a couple of years' time when people realise that they do not have enough to live on in old age

I pay 6%, employer pays 12%.

Private sector, big employer.

Employer pays 10%. I don't have to pay anything to receive that 10%.

I would say this is pretty generous (relative to other private sector employers)

Private sector SME matches up to 6%

I work for a small Parish Council and they have stopped enrolling employees into the LGPS... they have just one employee left in it and they contribute 22.2% into that pension pot.

I understood I wouldn’t receive a LGPS but hadn’t appreciated the % paid into the workplace pension until after I started.

So I’ve said I’m not happy with those and they have said they will increase them but won’t match the 22.2% so I’m looking at a figure to start negotiations.....

Seems like 16% seems to be reasonable?

Thanks everyone who has responded

Star2015
I work for a small Parish Council and they have stopped enrolling employees into the LGPS... they have just one employee left in it and they contribute 22.2% into that pension pot.
Do warn the members of the size of the exit charge if ever the last employee leaves the LGPS ....

Its incredibly unlikely they will go anywhere near the LGPS percentage as for parishes its close to 30% - which all comes out of the precept.

10% would be excellent in the smaller body public sector
be willing to settle for 7%
and remind them of the exit charge

My mid sized private sector employer pays in 8% and I pay in 5%. I also have another private pension which I pay in a fixed amount equivalent to about another 14%. I’m 50.

I do 6%, they double up what I do to 12% max. So at the moment 18%! Not sure I'll ever get that again if I move jobs...

Thought I was on an exceptional one until I saw the other posts about public sector pensions!

Private sector : the legal minimum climbs in April to 2% but any employer paying less than 6% clearly does not value their staff*

DBs company only pay the minimum, but usually give pay rises of 15% a year. I'd rather have the pension as I guess compounding makes that a better bet. Could just put that payrise in as pension I guess.

My employer pays in double what I choose to pay. I currently pay 3% so they pay 6%.

I have a DC scheme. Employer pays 12.5%, I pay 6% which I keep meaning to increase.

@evilharpy That's pretty generous. is any of that 12.5% a matched contribution?

What sector are you in (if you don't mind my asking)?

10Fingers no, that's non contributory. I'm private sector.

Husband is also private sector, middle management and only gets the bare minimum, and before auto enrolment came in he got nothing.