yehudi
Apprentice
Joined: 23 Nov 2006
Posts: 25
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 Posted: 10/15/07 - 00:55 Post subject: |
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| First of all, how sure you are that you actually will change your job? Many people were certain to switch to a better employment, but they never left their job. This kind of scheme is worth to have in any case, even for a short term. Who knows, maybe you will end up working in the current place for 35 and maybe even more years, and then you would be glad that you had pension. Think of this agreement as a saving account with more benefits than any other. If you have a student loan (you didn't mention it) this can be a good thing since these contributions will be taken before tax and student loan after. You can never be sure, though, that your company's pension scheme will remain the same after years and years of your work, but it's always a risk. Many companies are trying to attach their workers with this kind of offer, to prevent you from leaving them. Their interest is to keep their workers. In my opinion you should take the offer if contribution refund policy is satisfactory. Policy is probably that you have a right to refund after at least a year of work but you should check it. Sounds like a good deal if is at least 15 per cent of your salary and refund time is not too long. |
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