Is it worth it?

A question about : Is it worth it?

Please correct me if I am wrong.

My current employer has auto-enrolled me into a pension plan with Standard Life.

My employer pays contributions. So far judging from the YTD on my last wage slip they have paid Ј55 and I have paid Ј27.

My question is this: why is everyone leaving or opting out

> If my employer is contributing to my pension, this should be seen as a wage increase?

> I plan to leave current employer realistically within 2-3 years. Should it be worth keeping the pension going on until then? I'm guessing new employer = new pension plan?

Currently my plan is to save/ISA minimum Ј2,000 per year. (I am 23), have been saving since I remember.

Sorry for silly questions, it all seems very confusing even after reading some guides.

Best answers:

• Not a huge number have opted out so far but I suspect that rates will rise as the staging date progresses to smaller companies.
  Where employers are initally paying the minimum (ie 1% of amounts above Ј5668) that equates to just Ј70pa employer contribution in the case of a minimum wage employee - plus a further 1% from employee. Many will feel that this is not 'material'.
  Over the next few years as the employers contribution rises I suspect that more employees will decide to opt back in and people realise that state pensions will be lower in the coming decades.