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3 answers

Depends what kind of scheme you're in. Final salary doesn't show on the pay slip but depends on how many years service you've got and your salary when you retire. If you're not in a final salary scheme and your pay slip doesn't show any deductions, then you're just going to get the state pension. Speak to your HR department for further clarification.

EDIT - just a point, the state pension is not paid by 'the government', it's paid for by taxpayers but adminstered by the government.

2007-04-27 13:38:45 · answer #1 · answered by Sylvia H 4 · 0 0

Well in the UK if you retired now you'd get a state pension (which isn't much), but as we all know, the good old government cannot afford this forever, so by the time you retire (depending on your age) there may ben no state pension. I know when I retire there will be none. That is why I pay into the NHS pension. You can pay into a private pension independently to your employer (you'd need to take advice on which to choose).

2007-04-27 20:35:24 · answer #2 · answered by Emma 3 · 0 0

All UK Companies HAVE to offer their workers SOME sort of Pension scheme.

Check with your HR department.

In most big Companies the scheme is 'Opt In' and you may not be eligible to join in the first 6 months.

NB. you should have been given information on Company Pension when you joined the company == it's usually in either the Job Offer / Contract of Employment (sometimes it will say 'refer to Company handbook' in which case, ask your Boss).

2007-04-28 05:35:41 · answer #3 · answered by Steve B 7 · 0 1

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