26 Mar 2016

Auto Enrolment Query

A question about : Auto Enrolment Query

My wife has been offered what of the face of it seems a good deal by her employer under auto enrollment where she will pay in 8% of her salary and they would put in 16% of her salary into her pot.
She would come out of SP2 where she has built up quite a good second state pension My main concern is that as she only has 2 1/2 years until she retires the final pot will not be be very large so will she be better off opting out and staying in SP2????

23 Mar 2016

Octobers Workplace auto-enrolment

A question about : Octobers Workplace auto-enrolment

Hi, previously i was offered to join my employers workplace pension scheme in which i naively, refused.

At the moment I am not part of any pension scheme, but i know i need to be.

So What now?

With this new government drive in the workplace pension, will this give me the second chance i need?

27 Mar 2016

Is it worth it

A question about : Is it worth it

Ive got a private pension where i pay 6% and my employer adds 20%

Should i stick with that or sign up for the new opt in pension?

i.e the opt in pension its free money i dont have to contribute anything?

whats the flaws of the new opt in pension ?

please advice colleagues at work think I have made the wrong decision

27 Mar 2016

Large Employer/No Autoenrollment?

A question about : Large Employer/No Autoenrollment?

I'm just about to start work for a large private healthcare company as a nurse and thought there would be some kind of company pension scheme but it appears otherwise as my contract specifically says that there is no employer pension scheme and the employer pays no contributions, only that they will provide details of a stakeholder pension should I so wish.

I thought large companies had to auto enrol you into a company pension scheme and pay contributions from May 2013?

28 Mar 2016

I do not meet the criteria and Maximum amounts?

A question about : I do not meet the criteria and Maximum amounts?

Hy folks

Firstly, my partner earns less than the criteria for AE, She earns around Ј6000 a year. She want to opt in. They have emailed her and asked her what she wants to pay in, e.g 1% 2% 3% etc...

Will all of the same conditions apply to her if she opts in as with the people who are Automatically Enrolled ... ?

What is the maximum someone can put in, and would the employer have to match this?

23 Mar 2016

When will first deductions come for auto pensions

A question about : When will first deductions come for auto pensions

For a firm with 300 employees, in which month will the first payment cons of pension .. Under auto-enrolled scheme take place?

29 Mar 2016

NEST fraud costs members Ј1.45 million

A question about : NEST fraud costs members Ј1.45 million

23 Mar 2016

Unable to transfer pension

A question about : Unable to transfer pension

Actually asking on behalf of an irate work colleague who was too late to opt out of our company pension and now has been told he is unable to transfer his funds to his private pension.
Our company has told him that the 2 months monies he paid in which don't amount to a great deal can't be refunded back to him. So if his monies can't be transferred either I am assuming he has lost the money?

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