Cheers dude,Guest wrote: ↑Sat Apr 23, 2022 8:40 pmspitthedog wrote: ↑Sat Apr 23, 2022 7:49 pmHello Bongs,
I'm starting a new job shortly which has a company pension after 6 months.
There's nothing stopping me getting a UK, and Irish pension (10 years contributions iirc), but also the company pension aswell right?
Of course not. Having a private pension doesn’t impact your right to a state pension. In fact a state pension should be seen as no more than a supplement to your private pension.
However, don’t get excited about having your private works pension: you will need to contribute into it for decades for it to be worth much.
Find out two things:
1) is it a defined benefits or defined contributions scheme. It’s an important difference.
2) how much your employer contributes and how much you contribute.
It's a defined contributions scheme.
The company contributes up to 2k.
66 yo, retirement age.
What would be a sensible amount for me to pay, and what would it likely work out to be, considering I'm 52?
(Assuming I survive the first 6 months, that is)