OT workplace pensions

happypig

Staring at the rude boys

May 23, 2009

7,962

Eastbourne

• Sep 27, 2016

• #1

Anyone know about them ?
My son is 19 & works 4/5 evenings a week at the local chip shop and takes home about £100. Hie employer has given him a letter about a workplace pension.
My *very* limited knowledge of it suggests that on such a small amount it's not really worth it.

Any (non-binding) advice ?

 

GoldWithFalmer

Seaweed! Seaweed!

Apr 24, 2011

12,687

SouthCoast

• Sep 27, 2016

• #2

He has to be offered it,can decline..

 

beorhthelm

A. Virgo, Football Genius

Jul 21, 2003

35,310

• Sep 27, 2016

• #3

employer has to offer something by law now. one isnt suppoed to give advise, and starting pension early is highly effective, but really 19 yo should be spending on drink, cars and women. seriously, it will be so little, wait until getting a regular fulltime job for that sort of thing.

 

Harry Wilson's tackle

Harry Wilson's Tackle

NSC Patron

Oct 8, 2003

50,107

Faversham

• Sep 27, 2016

• #4

He can think about pensions when he has a better paid job. The other replies above are spot on. All the best!