do you pay into your pension?

[inspectercoley]

I just started paying into mine last month and already feeling like and old git for doing so...
I am 25 and went for the max amount. Didn't realise that would be almost £200 a month i'm gutted.

[Goldberg]

Yes but think of the reward when you retire! You'll look back and regret pissing it up the wall otherwise.

[ptm]

My word of advise, is you are never to old, or to young, but just get one set up. The state pension will not be worth anything with the current trend of people living longer.

Totally agree - Its simply the most prudent financial decision any person can make

[ptm]

Everyone tells me to pay into it, and pay extra where possible...but the way I look at it is that by the time I get to pensionable age, retirement age will be 70. Being a smoker with unhealthy eating habits, I'll be dead at 75, so I'd rather have the money in my pocket now instead

If you die then your pension goes to your depedants. So you're not only preparing for your own future, but your partners / kids too

[DJ OD]

I pay in 5% and i'm not entirely sure what work's contribution is, but i'm on a final salary pension, so should get a healthy amount when i retire

Same as that. My the company matches my contributions + 1%.

The 1% changes tho sometimes, it's part of a package deal.


DJ OD

[DJ OD]

FFS.

Post x 2.


DJ OD

[funkyg]

I only started paying into a pension last year at the age of 32. Currently at 4% which is employer matched, I plan to increase this as soon as I get my next pay review.
Reason for the late start is when I started work I had to wait 12 months before I could pay into the company pension, and during that 12 months I had a cancer scare so at the time I thought 'Why bother, I may as well enjoy myself now'.
Anyway, scare over and I never got round to starting it up.
Started a new job 18 months ago, and was subject to the 12 month wait again. Started it up as soon as I was eligable.
I just wish I had started a pension when I first had the chance. That's 10 years of missed payments which would have made a big difference when I retire.

I would say to anyone that if they are able to join an employer scheme, do it. It's free money from your employer, you'd be daft not to take it.

[rookie]

i just dont think they are worth it to be honest.
and i dont trust them whatsoever,

thats a bit of a stupid comment actually cos i dont no much about them.
but you here about things going tits up all the time.

i think if i live to 60 i will just murder a copper and spend the rest of my days living it up in HMP .

[crack_it]

i started paying £5 a month a year ago through work got ya year form through and it was worth just over £800 aint to bothered yet about it might start thinking uppin it when im 30