Beebo
Firm and Fruity
- Location
- Hexleybeef
It is a bit silly for people to think public sector pensions are free, but I work in the private sector and pay 8% with a further 5% from my employer, which will pay me less than a quarter of my current salary when it matures.Blimey, and I used to shovel 15% of my salary into my pension.
Like you, my Dad was a Chief Super Intendent in the Met, he retired at the age of 51 on a full index linked pension and hasnt had a day of paid employment since and is still a higher rate tax payer. When he finally received his state pension he didnt know what to do with it.
I would happily pay 15% if i was entitled to his pension benefits.