Opt out pension

I didn’t with my first, but I have this time. I’m putting the money that I used to pay into my pension aside for Mat leave 😊

@Bec amazing I didn’t with my first either but makes sense to do it this time x

If you can possibly keep it up then I would as you'll regret it when you retire. Even if it's just a much lower payment. The compound interest makes it worth loads more even if you're putting in a little.

I wouldn’t bother if I was getting a decent maternity package, but I’m on maternity allowance again (I started a new job just before getting pregnant so missed out by a few weeks!). Ideally it’d be great to stay in, but it’s not always affordable. X

Ask your payroll department to model the impact for you. You might find that your employee contributions are based on net pay (so they reduce significantly anyway) but your employer contributions will continue at a higher level. This was the case for me

I haven't but I don't have a large pension with my job yet and I'd like to put as much in as possible as it's a life time pension rather then a pension pot

Thank you, I am going to opt out for the next few months and opt back in once my full wage has returned x

I opted out with my first and doing so again. Need every penny I can get 🤣 and would rather take longer off x

@Rachael that’s what I’m thinking, future me will just have to suffer that’s even if I make it that far 🤣 x