Hi there I hope I'm explaining this right. I work in a community training centre of which there is 30 plus in the country. We were fas funded and now we are solar funded so run by a board of management .
They would contribute 6% and employee 3.5% to pension. The company the training centres use is the same as the post office workers would use. We were told that if we die before our retirement that the bank would take whatever money was payed. My work mates advise me to start a private pension and not employers .
What ever employer contributes will be subject to USC . If I take a private pension I will get tax relief so I could increase my contributions.
So my question really is can any one give me options. Advice please
I'm 46 by the way
They would contribute 6% and employee 3.5% to pension. The company the training centres use is the same as the post office workers would use. We were told that if we die before our retirement that the bank would take whatever money was payed. My work mates advise me to start a private pension and not employers .
What ever employer contributes will be subject to USC . If I take a private pension I will get tax relief so I could increase my contributions.
So my question really is can any one give me options. Advice please
I'm 46 by the way