Pension contributions from gov't
Discussion
Hi,
I am a high rate tax power (earning £60k). I have heard that if I invest in my (company) pension, the government automatically contributes 40%. Is this true? So if I invested £100, the government invests £40.
Is investing more into my pension from my monthly wage a good way to be more tax efficient?
I am a high rate tax power (earning £60k). I have heard that if I invest in my (company) pension, the government automatically contributes 40%. Is this true? So if I invested £100, the government invests £40.
Is investing more into my pension from my monthly wage a good way to be more tax efficient?
Ok so as I thought. May as well do this actively as it is free money.
One more question - I worked for a company for 12 months from 2010-2011 (which was brought by another company, which in turn was brought by another company). I had a company pension with this company but think it is now time to get that pension and (if I can?) merge it with current pension, or get a refund - whichever.
What's the best way to sort this out? I've emailed said company.
One more question - I worked for a company for 12 months from 2010-2011 (which was brought by another company, which in turn was brought by another company). I had a company pension with this company but think it is now time to get that pension and (if I can?) merge it with current pension, or get a refund - whichever.
What's the best way to sort this out? I've emailed said company.
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