I am 28 and have 14000 in my pension pot as I have employer matching at 10% that I have maxed out for the last while. The total contribution is therefore 20%. I am just now reading the small print which says max contribution for under 30 is 15% but I'm not clear on what impact that's having on the additional 5% I've been contributing?
I am 28 and have 14000 in my pension pot as I have employer matching at 10% that I have maxed out for the last while. The total contribution is therefore 20%. I am just now reading the small print which says max contribution for under 30 is 15% but I'm not clear on what impact that's having on the additional 5% I've been contributing?
But don't I pay tax on my state pension when the time comes because I have a private pension?