Do you have a pension?

Yeah I think I might do once this contract ends and I'm in a position to start contributing again. I'd get the statement every year but it just looks like gobbldygook!! Its interesting that many people seem to be opting more for savings or other investments rather than pensions but my feeling's always been that if the employer is contributing then that surely is the best option - perhaps topped up with something else. Seems strange to worry about it too much when I'm still in my 20's but then so many people don't worry about it early enough and then find themselves struggling later. OH only got a pension a few months ago because I forced him to! I think the other part that makes it so confusing is that especially in private sector, your changing your pension every time you change jobs which often means you have several pensions which it's impossible to combine into 1 pot without losing what the employer contributed! And most employers won't contribute into private pensions (which I think is pants!)

Public and no because it would be £150 a month minimum which I dont have

I am in the private sector and I do have a pension. It's approximately 6% of my salary and my employer matches this. It's a lot of money every month, and I could do with having it some (most) months, but I know it's hopefully being set aside for good reason and will be there when I need it more.

Given the current state of the economy and the price of the shares/whatever being bought when I first started this pension 4 years ago, the bloody thing is currently worth less than what has been paid into it. I can only hope that as the economy recovers, the shares/whatever being bought at lower prices over the more recent years will increase in value to even things out again.

This makes it sound like there's a lot in there - seriously, there's not.

I'm lucky in that our firm does provide us with access to a financial advisor who is separate from the firm or pension provider. They are good at explaining where the money is going and how it should grow. I can never remember the explanations for long though.

I am seriously concerned about how OH and I will get on when we're older. I don't want to work forever but I can't see how things are going to work out. So many people either put off contributing to a pension or saving for the future that I don't think we've hit the real crisis yet. My sister is an example of this, no house, no savings, no pension and age 29. She just shrugs and says something will come up. I think there are a lot of people like her and if so, what will happen when we have a generation who haven't fully provided for themselves when they can no longer work for money?

I have a pension, I am in the private sector.

I'm in the public sector and i have a pension. (sounds like an AA Meeting) I contribute 5%, not sure what my employer contributes though. Think it might be about the same, but not sure....should really look into this....

I have an nhs pension.

You've hit the nail on the head there. Too many people are not planning for the future, and I don't expect there to be a state pension for me when I retire.

Not currently, as I'm a student. But I have left open my one from when I was in the private sector, so I can restart payments at any time. Didn't really pay much into it, but I chose to put the majority of it in high risk stuff and the growth when I was paying into it was pretty good really all things considered. When I qualify I will have an NHS pension, but depending on moneys may well continue to pay into the private one too (if I'm allowed - No idea how pensions work hehe).

I am of course Private sector and have a pension- have contributed since I was 24. Not sure on % as contributed by my employer but I know I pay about £160 per month into it- it sounds alot but I never really miss as I dont really "see" it iykwim?

We have alot of good share schemes at work also- MrMini does these on top of his pension- im waiting untill the student loan is paid off

I work for a charity what sector is that???

I pay 4% and my work pays 4% If I'm lucky I might just get a pound a year when I retire

Public sector (NHS) and yes. I have no idea what my contributions are at the moment, though. And I honestly couldn't do my current job until I'm 68...

No offence intended here but am interested as to why people keep referring to HAVING to work until over 65? A lot of people already do that and now with the state pension being pushed back and equalised between women and men many will work to 70+.

I appreciate some jobs are more physical and therefore possibly not possible to do until such an age , however just because the date you can get your pension out has been put back - there are other ways to save so that you can retire at a suitable time for your needs.

I pay into the Teachers Pension, and I assume I also pay into the regular pension to by way of tax and NI contributions. I doubt there will be anything for me by the time I get anywhere near retirement. If the pension increases go ahead I will not be able to afford to have one any longer.

£90 an hour and I am all yours ? (ok bloody rip off IMO but that's what the company charge for me!)

Flow - if Mr F did the same Pension exams as I did a few years ago then I imagine he is tearing his hair out!

The legislation was allegedly simplified in 2006, not that I have noticed though, all it means is companies have to put more nonsense in every statement they send out so they obey the new rules.

Nope - public sector and can't afford the contributions. MrKJX will need to find an extra £300 per year (on top of the 9% contribution) next year if the proposals go through, and then a further £400 odd the next year.

I am a legal aid solicitor so technically work for the government. I have no pension not sure even where to start.

I had a scheme when I worked for RBS but not sure I will ever see that!

OH just signed up for his PGCE, wants to teach Primary age, so he is closely following whats happening as will affect us eventually.

I also work for a Charity - it is classed as the "Voluntary Sector" or the "Third Sector".

I have a pension, I contribe 3% and employer contributes 3%. I'm concerned about what will happen to H and I in our old age, although I suspect it will be a case of work until you drop dead therefore we wouldn't require a pension.

Because when I was at school they said I would have to work until I was 60, and then I could retire. Then they changed it to 65, then 66 now 67, and I can almost guarantee by the time I get there it will be older. They keep moving the goalposts, which is what I think people are whinging about. But that's just the government OAP pension, it's nothing to do with whatever private or employer pension people have.

I have a NHS pension, I pay 6.5% but I don't what the emplyer contribution is.

I have just checked out my payslip and my deductions (tax, NI, pension, car parking fee, union) come to almost as much as my mortgage ?