Martin's Guide to Topping Up the Pension Pot | This Morning
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7 жыл бұрынHave you turned down a pay rise without realising it? Millions have done or risk doing just that. According to our Money Saving Expert Martin Lewis, it happens when your employer 'auto-enrolls' you into a pension scheme but you decide to opt out - in most cases a huge mistake.
@fredatlas4396 Жыл бұрын
Mostly only people who are in higher payed jobs get their employer match more than 5%. And higher rate taxpayers get a lot more back from the inland revenue as well, like they really need it & the rest of us on lower incomes or minimum wage don't need more money into our pensions. I think most people would need to have about 20% of their income going into a decent pension scheme for 40 yrs or more in order to have a reasonable retirement not having to struggle to survive. We have basically been screwed since most companies got rid of the defined benefit pensions. Who can actually afford to put enough money into a pension for 40 yrs
@christiandarrall2869 Жыл бұрын
my girlfriend is on maternity leave does this count? also that can we consolodate our pensions?
@OceanChild75 11 ай бұрын
Is she getting paid maternity leave by her employer or is she on statutory maternity leave (paid by DWP)? If she is paid by her employer, is over 22 and earning over 10k/yr she should be enrolled into a pension pot, I’d advise her to check her payslip to see if there is a pension in her deductions
@forest_169 3 ай бұрын
What’s the point of having a pension if the taxman is going to take most of it this government are two faced.
@matthowells6382 3 ай бұрын
The taxman doesn't take most of it....pensions are incredibly tax efficient. Your contributions get tax relief (up to 45%) and then you're able to take 25% out completely tax free when you retire. The rest is taxed at your marginal tax rate, of which most people will be in the basic 20% band, plus your annual tax free allowance of course.
@TwoWheelsGood-ym3st Жыл бұрын
Do t top upyour pensions, its a con
@TwoWheelsGood-ym3st 10 ай бұрын
@@welshhibby Be wary of state and private pensions You will contribute for years but they will fall short
@OliABraith 6 ай бұрын
So live in poverty for all of your retirement?
@DP-tf7qb 4 ай бұрын
What's the alternative?
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