From: alfi286@aol.com
Newsgroups: uk.finance
Subject: Starting a pension
Date: 8 Sep 2005 15:44:02 -0700
   posting-account=ywQRYwwAAABgoGE-EkEc4nu3QxkP5wQi

I have finally hit 25 and have always planned to start a pension at
this age.  I'm employed full time in a stable job but the company
doesn't have a proper pension scheme.  I has something called a
stakeholder and they say that I can pay in upto 3% and they will match
it with another 3%.  This doesn't sound all that good as I know people
who don't contribute anything and the company pays 10-15%.  Anyway i'm
thinking that it has to be better than setting up some other pension
where my company would contribute nothing.  Is this correct?  I
downloaded a leaflet that said they were only suitable for people on
medium incomes (which I thought I was but seems not).

Also how do things work in terms of tax?  I currently earn =A334k +
bonus but I think I pay 40% tax on some of this and NI on some other
bit.  Also I pay 9% student loan on everything over =A315k.  Does this
mean I will lose upto 40+9+3=3D52% in deductions?