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pension and amount going in
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chillo
- Posts: 11
- Joined: 09 Aug 2017, 15:37
- Gender: Male
pension and amount going in
I have been off sick for over six months and wondered now my pay has dropped to half then also my amount paid in by me and royal mail has fallen accordingly, my question is does anyone know if this effects the end benefits drastically and can i make up the money not paid in sometime in the future,
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Decky Boy
- Posts: 440
- Joined: 22 May 2009, 10:00
- Gender: Male
pension and amount going in
If you are paying in less then there there is less opportunity for growth and compounding to take place. It'll depend on which scheme you are in and how it invests your pension subscriptions.
Once you return to full time work your pension contributions will increase accordingly. If the funds your pension invests in are predominantly equities there's a good chance you'll be missing out right now as the markets are making a recovery following historic lows on 23rd March. Get well soon, get back to work.... and keep your fingers crossed like the rest of us.
Once you return to full time work your pension contributions will increase accordingly. If the funds your pension invests in are predominantly equities there's a good chance you'll be missing out right now as the markets are making a recovery following historic lows on 23rd March. Get well soon, get back to work.... and keep your fingers crossed like the rest of us.