Employer Pension Contributions

[RememberDecember]

What is a typical decent employer pension contribution these days? I currently get 10% (maxed out as I put in 5% plus AVCs although these aren’t relevant to er contribution).

I’m looking at other companies, considering moving but often they seem to be more like 6-8%. I just asked ChatGPT for UK avg and it said 3-6% which seems v low? Looking at professional roles.

Minimum is 3%, your current 10% is generous. I think you just have to consider overall package. Civil service is 28% but wages are rubbish!

3% is very common.

I got 3%

Mine is 10.06 employee contribution and 16% employer contribution (Police but in a staff role)
My husband is in a regular professional role and his is just 5%, which seems low to me but seems the norm when looking at other similar roles.

When I was working (took early retirement a couple of years ago) my employer paid 6% but this could increase up to as much as 12% if you increased your own contributions.
I was paying 40% (which was above the norm and way more than that required to attract the higher employer contribution) but it reduced my tax & NI liability and made my pot much more attractive.

A friend has recently started working for the NHS (non-clinical, low band) and pays 5% while the employer pays in 21%.

My OH does a little PT work while he thinks about early retirement (he is 3yrs younger than me) and pays 3% while his employer pays about the same.

My company pay the 3% minimum.

Mine put 10% and I put in 5%

My employer contribution is 10% and that is seen as generous for a private company. As others have said, public sector pensions will be higher but the wages may be lower (although not always.)

4% for this job & previous.

Both professional roles but in low paid industries

Professional job - 5%.

3%. And this is only on income earned between the lower and higher earnings threshold, per auto enrolment rules. That means that the cap is around £110per month in employer contribution. Small business - it's crap but fairly standard. My husband works in finance and his company pay in 10%, which I think is pretty good.

28% is an arbitrary number though so not really relevant to a conversation on DC pension contributions.

I get 3%. It’s one of a few reasons I’m looking for another job!

Again, the 21% here is an arbitrary number so not really useful for comparing DC pension contributions.

Thanks, it does seem 10% is generous. I was previously on a DB scheme so it seems paltry in comparison (in terms of benefits) but now realising it may be generous for DC. Like @Nourishinghandcream i am paying in more than the 5% I need to get them to double match, I may look to increase that in the NY. But you are right that I need to consider total package if looking to move.

Look at working for a pension provider. I pay 6%, work pays 12% and I don’t think that’s the top % available of the top of my head.

Mine pay 10% and I make AVC of 10% which I want to up if I can.

The generous pension is the main reason I stay, I have to really factor it in when looking at salaries etc.

My previous job was 3%

Job prior to that 10%

I currently get 10% but was 7.5% for the first 5 years of employment. My old company was 10% too, but when looking for jobs 5-6% was pretty normal.

I get 7% in a senior role. I put in a further 30% myself to bring it up to c60k total contributions per annum.

I pay in 7.5% and my employer pays in 15%. I’ve worked at 6 different large companies over my career and 5 of them have all offered to double your contribution up to a certain amount and the certain amount increases usually if you have been there for more than 2 years.

the pension offerings have always been an important part of considering where I take a job. If I was to take a job with the legal minimum I’d need the salary to be high enough for me to pay the shortfall myself

My last employer did 10% - that's definitely very generous in the private sector and when I was job hunting I tried to find somewhere that would match it which proved quite difficult, most seemed to be around 6%.
My new employer gives 11% though so I got there in the end. I'd consider working somewhere that gave a lower contribution as long as the salary was enough of an increase to mean I could maintain that level of contribution myself instead.

My husband's is matched up to 15%, it was the same for the previous company he worked for too - both financial services.

I used to pay in 7% and my employer paid 14%. This was after they removed the DB scheme.

It is definitely worth taking it into account in overall package. I would want to be able to make up the shortfall vs current and am targeting around £50k contribution per year.