Originally posted by northernladuk
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Contractor Pensions
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Originally posted by Irishbar View PostI think my contribution is relatively low at the moment but can you tell me whether they, as my employer, are bound to contribute to my pension also? My gross pay is around £1258 weekly and given expenses etc taken into account my take home is around £920-940 on average. Is there a way to secure a decent contribution whilst minimising the reduction in my take home pay?
Thanks
As for the contribution, both parts come from the contract rate before your taxable salary is calculated. For us auto enrolment is 3% Employers and 3% Employees, but our contractors can up the Employee contribution as they wish as long as we net NMW. As I said before the best way to look at this is to ascertain what figure you need in your bank account every week / month and then see what this would look like as a pension contribution.
HTHsComment
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Originally posted by Irishbar View Postyes I would agree with this, I have contacted my brolly and their pension provider and they are of little help. I was hoping to withdraw my pension an set it up with a SIPP in HL if that is possible.
Your contract with them should lay out the terms of pension plan and who pays what. You could have a read of that but I'd just go speak to them.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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