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Expensive losses
 

[Closed] Expensive losses

Posts: 11639
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Forfeited about 5% worth of employer pension contributions when they changed the terms. I'd only been paying in a couple of years and about 38 years to go. 5% over 38 years...

If I could have afforded to up my contributions before the deadline, it would have been honoured. Missed the deadline by about 6hrs.

Try not to think about it!


 
Posted : 30/12/2017 9:01 am
Posts: 0
Free Member
 

My employer had an AVC in which they would match your contribution. I kept putting it off and eventually missed out when they closed the matching......idiot.


 
Posted : 30/12/2017 10:06 am
Posts: 11639
Free Member
 

That's it...they use to match my contributions between the standard 4% and max 15%, so 15+15 = 30%.

Now it's weighted in favour of those paying 4-8%, but capped at 10%.

My AVC actually went through the system but they called me up the next day to say I'd missed the deadline 🙁


 
Posted : 30/12/2017 10:35 am
Posts: 665
Free Member
 

If you can believe it, I live in a country that voted to exited the EU. As such everything everyone earns, owns or has invested now or in the future is or will be worth about 30% less compared to the rest of the world.

Do I win a prize?

p.s. to be completely transparent, I will at some point receive a blue passport so it's not all bad.


 
Posted : 30/12/2017 10:48 am
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