No brainier, my work doubles what I put in but only to a maximum of 6% of salary. So they put 12% in. Likewise they also let you dump any bonuses in therefore avoiding tax.My work offer matched up to 10%.
I'm currently paying 6%.
Upping it to the maximum 10% is just free money for me isn't it?
Yes to a certain degree via the pension protection fund.What happens to all your contributions if they (pension provider) go bust? Are they protected?
What happens to all your contributions if they (pension provider) go bust? Are they protected?
Looking at recent events does the value of your lump sum get diminished daily if you are retiring in the next few weeks?Pension Protection Fund mainly covers.
In most cases if the contributions are remitted to, say, a largish insurance company it is all ring-fenced.
.Worried about what? The small amount or the financial system crashing and it all being worthless?I've got nearly £30K put away in various pensions. Should I be worried?
If one fund goes the PPF should cover. If loads fail at the same time it’s anybody’s guess.What happens to all your contributions if they (pension provider) go bust? Are they protected?
The collapse of the pound may mean drone does full 'dirty Sanchez ' and pegging for the same money nowInflation has gone up or he's improved his technique it used to be 20,000 according to a friend.
Worried that I'll lose it all due to this government.Worried about what? The small amount or the financial system crashing and it all being worthless?