Confusing of Pensions

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Moderator: Chryo

which pension did you/ would you, go for?

Poll ended at Mon Oct 30, 2017 8:44 am

partnership
3
10%
alpha
19
63%
either
0
No votes
neither
0
No votes
random
0
No votes
I don't know
6
20%
get one privately
1
3%
pass
1
3%
 
Total votes: 30

Burtonboy
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Posts: 177
Joined: Wed Sep 20, 2017 5:04 pm

Re: Confusing of Pensions

Post: # 132270Post Burtonboy
Fri Dec 01, 2017 9:16 pm

Any pension contributions are going to be net of tax, upto the contribution limit at least.

If your employer will contribute on additional contributions that’s a bonus, but that’s why you need to seek independent financial advice, to see what’s best for you.

It’s even better if they use salary sacrifice as not only are they net of tax, but you also save on national insurance contributions, and so does your employer so that’s the benefit to them.

I spent 6 years as a financial advisor, and it still takes some working through to work out what’s best.

Porecruit17
Executive Member
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Posts: 138
Joined: Sun Oct 15, 2017 8:24 pm

Re: Confusing of Pensions

Post: # 132274Post Porecruit17
Fri Dec 01, 2017 9:23 pm

If your replying to me, I want to know just the box where you put your percentage is that I’ll be contributing or is that in top of what I’m going to be contributing on top of what I’ll already automatically be contributing? I have already sent forms and having doubts Incase I’ve put an additional figure on top.

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RKJL
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Posts: 128
Joined: Mon Aug 07, 2017 8:10 pm

Re: Confusing of Pensions

Post: # 132276Post RKJL
Fri Dec 01, 2017 9:33 pm

that box is for the partnership scheme. If your on alpha you don't need to put a percentage. I photocopied the form and that's all I can see on there
Applied - 23/07/17
RAD - 03/08/17
RAD Results 07/08/17
RAD Results finally received -06/09/17
Job offer 07/09/17
Vetting forms sent off 08/09/17
Got the Call 14/11/17
Start Date 08/01/18 :slyay:
POELT 15/01/18 :slyay:

Porecruit17
Executive Member
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Posts: 138
Joined: Sun Oct 15, 2017 8:24 pm

Re: Confusing of Pensions

Post: # 132277Post Porecruit17
Fri Dec 01, 2017 9:37 pm

I’ve written in it? What will happen? Will they ignore it then or? Is there anyone I can contact to correct this

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RKJL
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Posts: 128
Joined: Mon Aug 07, 2017 8:10 pm

Re: Confusing of Pensions

Post: # 132279Post RKJL
Fri Dec 01, 2017 9:48 pm

yeah if you've ticked alpha then they may contact you but they won't add anything extra on to it, don't worry :) they'll either ignore it or contact you I guess.

Here's there number if you decide to ring them...

0300 123 6666 - civil service pension
Applied - 23/07/17
RAD - 03/08/17
RAD Results 07/08/17
RAD Results finally received -06/09/17
Job offer 07/09/17
Vetting forms sent off 08/09/17
Got the Call 14/11/17
Start Date 08/01/18 :slyay:
POELT 15/01/18 :slyay:

Porecruit17
Executive Member
Executive Member
Posts: 138
Joined: Sun Oct 15, 2017 8:24 pm

Re: Confusing of Pensions

Post: # 132284Post Porecruit17
Fri Dec 01, 2017 10:35 pm

Great help thanks

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RKJL
Executive Member
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Posts: 128
Joined: Mon Aug 07, 2017 8:10 pm

Re: Confusing of Pensions

Post: # 132286Post RKJL
Fri Dec 01, 2017 10:40 pm

no worries :)
Applied - 23/07/17
RAD - 03/08/17
RAD Results 07/08/17
RAD Results finally received -06/09/17
Job offer 07/09/17
Vetting forms sent off 08/09/17
Got the Call 14/11/17
Start Date 08/01/18 :slyay:
POELT 15/01/18 :slyay:

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