Healthcare and pension
Discussion
Looking at taking out healthcare and pension with my company.
Just had a quote for around £250/year for private healthcare (which my company pay half)
Also, the pension offer is 2% myself, 3% paid in by my employer. The pension is portable.
I'd like to get a pension started, but anything i should look out for that could come back to bite me later on?
Also, is the healthcare going to be worth it?
Just had a quote for around £250/year for private healthcare (which my company pay half)
Also, the pension offer is 2% myself, 3% paid in by my employer. The pension is portable.
I'd like to get a pension started, but anything i should look out for that could come back to bite me later on?
Also, is the healthcare going to be worth it?
I had about 4k worth of claims of my BUPA over 2 years having paid £100 excess and about another £400 in shortfalls.
In the time it took me to have my initial consultation, bit of physio, MRI scan, operation and more physio I would still have been waiting for the initial consultation with the same consultant on the NHS. His words not mine.
Our company pay about £480/yr for that, only thing to watch is the limit on out patient stuff. Ours is £1k, which goes pretty quickly on consultant fees and physio at £35/ half hour.
When you read some of the stories on PH about the NHS I wouldn't not have it, thats not to say the NHS aren't doing a tough job in difficult conditions.
In the time it took me to have my initial consultation, bit of physio, MRI scan, operation and more physio I would still have been waiting for the initial consultation with the same consultant on the NHS. His words not mine.
Our company pay about £480/yr for that, only thing to watch is the limit on out patient stuff. Ours is £1k, which goes pretty quickly on consultant fees and physio at £35/ half hour.
When you read some of the stories on PH about the NHS I wouldn't not have it, thats not to say the NHS aren't doing a tough job in difficult conditions.
illmonkey said:
Fair point. I'll retry.
Is it worth spending the money to end up in a dump of a place not really any better than NHS crap. With the added expense of excess and "one off fees" (no doubt)
I work for the NHS. But I'm on my wife's private healthcare provided by her employer.Is it worth spending the money to end up in a dump of a place not really any better than NHS crap. With the added expense of excess and "one off fees" (no doubt)
Wife had to have a 'procedure' which was done privately. Nice comfortable room, all was great.
If you can afford it, go private. Why not?
The NHS isn't completely crap though. Its having to share it with the 'ordinaries' which annoys me.
Not sure about healthcare, I get it free, without an excess even if I do claim. I guess it depends on how likely you are to claim, you can get the important stuff on the NHS anyway obviously and you can always speed up the NHS process by getting any cheaper scans done privately at your own cost (keeping in mind you're saving £250 a year plus interest if you stick it in the bank).
Pension contribution seems a little low to me. I put 6% in and my employer puts 9% in (which feels a bit high, but I wanted to get the maximum employer contribution). Look at what lump sum and annual income you're likely to draw from it.
Pension contribution seems a little low to me. I put 6% in and my employer puts 9% in (which feels a bit high, but I wanted to get the maximum employer contribution). Look at what lump sum and annual income you're likely to draw from it.
cs02rm0 said:
Not sure about healthcare, I get it free, without an excess even if I do claim. I guess it depends on how likely you are to claim, you can get the important stuff on the NHS anyway obviously and you can always speed up the NHS process by getting any cheaper scans done privately at your own cost (keeping in mind you're saving £250 a year plus interest if you stick it in the bank).
Pension contribution seems a little low to me. I put 6% in and my employer puts 9% in (which feels a bit high, but I wanted to get the maximum employer contribution). Look at what lump sum and annual income you're likely to draw from it.
It'd almost be £1500 a year currently. My part is pre-tax, so its more like 1.6%. which proberly works out at £40 a month.Pension contribution seems a little low to me. I put 6% in and my employer puts 9% in (which feels a bit high, but I wanted to get the maximum employer contribution). Look at what lump sum and annual income you're likely to draw from it.
Im in my early twenties, so can proberly get away with a little amount to begin with. then topping it up now and again.
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