Quote:
Originally Posted by Darcydog
In which case DO NOT consider transferring away from what is a first class scheme. It is the type of scheme that is so expensive to run because the benefits are so good that Companies in the Private Sector have had to ditch them for their employees but the Government schemes - Civil Service, NHS and Local Government schemes are funded via Taxes and so Public Sector pension schemes are still of the old, hugely beneficial sort.
Please don't think I am "having a go" - but most people do not realise that anything between 20% and 30% of what they pay in Council Tax actually goes to fund the pensions of retired ex Local Government employees.
Thus many people are paying more money into other people's pensions than they can afford to pay into their own.  |
I pay plenty into my pension pot , i know some civil servants don't , but I'm not that lucky !