Welcome to the DAD.Info forum: Important Information – open to read:
Our forum aims to provide support and guidance where it can, however we may not always have the answer. The forum is not moderated 24 hours a day, so If you – or someone you know – are being harmed or in immediate danger of being harmed, call the police on 999.
Alternatively, if you are in crisis, please call Samaritans on 116 123.
If you are worried about you or someone you know is at risk of harm, please click here: How we can help
Hello everyone,
I currently have started a new job and they have setup a NEST pension scheme for me at 1% of my salary. They will only contribute a max of 1% so I want to save more for my future. I am 32 years old and considering putting away 15% of my salary and not sure if CMS will deduct that from my gross calculations with NEST if I increase my own contributions . If I decided to open a private pension for example with Aviva would CMS recognize them and if not is there a list of who they recognize. Thank you
I’m thinking of opening a private pension for example with Aviva is it recognised by CMS and will my contributions be taken in account when I get my yearly review. Thanks
I'm pretty sure they would recognise any reputable pension provider, you are entitled to save for your retirement, as long as you aren't putting a disproportionate amount away to avoid paying more child maintenance.
They should be, I've responded to your previous email.
Get financial advice, but assuming you aren't getting benefits, you will probably be best to increase your pension contributions using salary sacrifice - this means as well as tax relief, you also get National Insurance relief (it also saves your employer some money) and your effective salary is what will be used to calculate child maintenance.
Welcome to the DAD.info forum.
We don’t like to set ‘rules’, but to make sure that you and the other dads are kept safe, we have some requests. When engaging with the forum, please be aware of the following:
- The forum is not moderated 24 hours per day.
- Many of the moderators do so on a voluntary basis. Whilst they may be able to provide some guidance, advice or support, they may not be able to deal with specifics.
- We are not an emergency crisis service so if you or someone else is in immediate danger, please call emergency services.
- If you are concerned about the safety of a child, please click here to find the support you can get for them (link to new page)
- If you are in crisis, please call Samaritans on 116 123. They are open 24 hours a day, 7 days per week.
We hope you find this forum a supportive environment and thank you for joining us.