Is it worth haggling over your workplace pension contributions?

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Workplace Pension,Contributions,Haggling

A reader asks if it’s worth asking an employer to increase contributions into their workplace pension. Is it worth haggling to see if they’ll improve this offer, as you would do with a salary?

In this week’s Money Clinic, a reader asks if it’s worth asking an employer to increase contributions into their workplace pension . Is it worth haggling to see if they’ll improve this offer, as you would do with a salary? (Photo: Getty Images)savings to be answered by our expert, Tom Selby, head of retirement policy at investment platform AJ Bell. There is nothing he doesn’t know about pensions.

If you have a question for him, email us atIn my current job, I pay 6 per cent of my salary into my pension pot and my employer is quite generous, matching that. I’m starting a new job afterand it appears this is less generous. They pay the legal minimum of 3 per cent, and I pay 5 per cent. Is it worth haggling to see if they’ll improve this offer, as you would do with a salary? And will 8 per cent total be enough to ensure a good pension in. Under “automatic enrolment” rules, employers are required by law to establish a pension scheme for their employees that meets certain minimum criteria and enrol them within three months of joining the compan

Workplace Pension Contributions Haggling Salary Retirement Policy Automatic Enrolment

 

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