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Pension - no employer contribution

8 replies

AntlerRose · 09/08/2022 16:14

I have started a new part time role and found that I earn below the threshold for my employer to contribute to my pension, by £100 a year! This is a bit of a cock up on my part as they didnt reveal their 'good pension scheme' until after i started. I had never worked anywhere where the employer hasnt contributed at least 2% and am cross for not checking.

(I have another part time role, which earns less but my other employer still pays in 8%)

Does anyone know if its better to sign up for the work scheme anyway or just set up my own scheme elsewhere since work doesnt contribute?

Also i dont understand the tax thing if i pay into my own pension, how do i benefit from the not paying tax (not that i pay much)

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Endlesslypatient82 · 09/08/2022 16:18

Own scheme. nest is good for first timers

Endlesslypatient82 · 09/08/2022 16:18

Essentially the government will add to the pot what you have paid in tax on it

AntlerRose · 09/08/2022 16:20

@Endlesslypatient82 Thank you. I will google nest.

So its not like salary sacrifice - it actually gets added?

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Endlesslypatient82 · 09/08/2022 16:21

And what on with do you mean they “didn’t reveal” their pension scheme?

Your simple didn’t read your contract and even if no contract, by law they have to issue a Summary doc listing job description, pay and benefits

AntlerRose · 09/08/2022 16:32

I dont think thats fair. I did read my contract. It said ' The Schools pension scheme is a qualifying pension scheme which meets or exceeds the governments standards for auto enrolment. Details are available from our accountant'

However I started whilst waiting for these details to arrive as I needed a job. they arrived today.

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AntlerRose · 09/08/2022 16:35

The next paragraph of the contract says you will be auto enrolled provided you meet the necessary criteria - details of which will be sent to you after employment commences.

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seven201 · 09/08/2022 16:39

I wonder if you could top up your salary a little at work. Eg at my school many support and teaching staff work during lunch for canteen duty etc. for extra pay to meet the threshold. You'd have to check it still counts as where I work you have to fill in a claim form each month, so not sure if that would make a difference.

AntlerRose · 09/08/2022 16:44

@seven201 Thats a good idea. They seem to be advertising a lot of jobs so perhaps i can pick up some extra work.

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