Company contributory pension scheme

[newby1234]

I am looking at taking a new position for a 1 year contract. I have been offered a salary along with benefits including contributory pension scheme and health insurance.

I am wondewring what effect if any these benefits have on my salary and if the pension scheme is worthwhile. I currently have no pension scheme and was not planning on setting one up for a while.

 

[hastalavista]

The health insurance 'benefit' will be taxed.

Never 2 early to start a pension.

The rules vary but if you put in say 5% of your 'pay' then, subject to the various limits, your taxable pay will be reduced by 5%.

If the company puts in a bit as well, say 6%, there may be limits whereby if you leave within 2 years, they take back their 6%

This is the general idea.

have a peep here
http://www.pensionsboard.ie/en/
or drop them a line