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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