Hey there! Sign in to join this conversationNew here? Join for free
    • Thread Starter
    Offline

    16
    ReputationRep:
    Hi all,

    I was going through benefits my company provide and I see that if I contribute 4% then my employer pays 7% to my pension.

    Is this a good rate for a professional job? Should I be allowed to expect more?
    • Study Helper
    Online

    21
    ReputationRep:
    Study Helper
    (Original post by claret_n_blue)
    Hi all,

    I was going through benefits my company provide and I see that if I contribute 4% then my employer pays 7% to my pension.

    Is this a good rate for a professional job? Should I be allowed to expect more?
    That's an excellent rate although some employers offer a non-contributory pension where they pay in to your pension even if you do not make any contributions!

    Legally, employers are only required by law to contribute 1% of your qualifying earnings which rises to 2% in 2018 and 3% in 2019.
    • Community Assistant
    • CV Helper
    Online

    19
    ReputationRep:
    Community Assistant
    CV Helper
    (Original post by claret_n_blue)
    Hi all,

    I was going through benefits my company provide and I see that if I contribute 4% then my employer pays 7% to my pension.

    Is this a good rate for a professional job? Should I be allowed to expect more?
    Yup, as above, that's a very good rate. You'd normally expect about 6% each, around that mark, but 1% is all the employer has to pay.
    Offline

    19
    ReputationRep:
    (Original post by claret_n_blue)
    Hi all,

    I was going through benefits my company provide and I see that if I contribute 4% then my employer pays 7% to my pension.

    Is this a good rate for a professional job? Should I be allowed to expect more?
    Yes thats a great rate. Most will pay between 1-4% matched contributions.

    You should also consider putting in more beyond your initial 4% as well.
 
 
 
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • Poll
    Would you like to hibernate through the winter months?
    Useful resources

    Groups associated with this forum:

    View associated groups
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

    Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

    Quick reply
    Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.