Pension payments
Discussion
Just been told that the payments that have gone into my pension since I started my new job (14 pay cheque months ago) havn't been coming out of my wages, but instead the company have been paying the money in direct, which is an error on their part.
So now I've been told that the payments will come out of my paycheck as expected, which is a difference of about 8% a month, doesn't seem like a lot, but I have to run a tight ship!
Where do I stand here, as I'm due a meeting with my boss soon about what is the best route to reclaim the money that they have paid in. Due to various reasons (holiday, house and Clio 182!!) I don't have the money that they have paid in if they ask for it back.
So if anybody has any advice, or can tell me where I stand legally, I'd appriciate it.
So now I've been told that the payments will come out of my paycheck as expected, which is a difference of about 8% a month, doesn't seem like a lot, but I have to run a tight ship!
Where do I stand here, as I'm due a meeting with my boss soon about what is the best route to reclaim the money that they have paid in. Due to various reasons (holiday, house and Clio 182!!) I don't have the money that they have paid in if they ask for it back.
So if anybody has any advice, or can tell me where I stand legally, I'd appriciate it.
AH! Well, any suggestion is likely to be qualified by the actual circumstances. (Which are always very complicated!)
But legally, if you've agreed to the contribution but effectively haven't made it, I suspect that the employer is justified in asking for that contribution. To some extent, you would be aware from the detail on your salary advice each time that you had not made your contribution.
On the other hand, there's no loss if you argue that you should not have to sort out THEIR mistake.
Problem is, you have to keep working with these people...
Of course, in practice, what you need to do is negotiate something to solve the problem whereby you get some benefit too. Like a pay rise? Like they "give" you those contributions as a bonus because you've done such a good job for them? ...or interest free loan to cover (except that route probably has tax implications
)
Just one tip: Write EVERYTHING down. Just so you know where you stand, what your expectations are and can be sure of your ground if the situation takes a while to resolve.
Remember to "ski downhill" (i.e. open your side of the bidding with high expectation). Give them time to think, and yourself time to think - don't be railroaded into an "answer" on the spot. Smile sweetly at the boss at all times........
But legally, if you've agreed to the contribution but effectively haven't made it, I suspect that the employer is justified in asking for that contribution. To some extent, you would be aware from the detail on your salary advice each time that you had not made your contribution.
On the other hand, there's no loss if you argue that you should not have to sort out THEIR mistake.
Problem is, you have to keep working with these people...
Of course, in practice, what you need to do is negotiate something to solve the problem whereby you get some benefit too. Like a pay rise? Like they "give" you those contributions as a bonus because you've done such a good job for them? ...or interest free loan to cover (except that route probably has tax implications
) Just one tip: Write EVERYTHING down. Just so you know where you stand, what your expectations are and can be sure of your ground if the situation takes a while to resolve.
Remember to "ski downhill" (i.e. open your side of the bidding with high expectation). Give them time to think, and yourself time to think - don't be railroaded into an "answer" on the spot. Smile sweetly at the boss at all times........
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