Hi,
I have been in the private sector up until now but have recently applied for a civil service position.
My current salary is 90k and I pay 15% into our pension (10 from me + 5 from employer)
The civil service position is 'ap' grade, think 69-85k .
My current group pension value is 205k.
Given that I'm 42, would it be madness to consider the civil service position and it's current pension arrangements or am I reading into the negatives too much?
The pay cut would mean also be cutting the private pension and losing the 5% employer contribution.
I have been in the private sector up until now but have recently applied for a civil service position.
My current salary is 90k and I pay 15% into our pension (10 from me + 5 from employer)
The civil service position is 'ap' grade, think 69-85k .
My current group pension value is 205k.
Given that I'm 42, would it be madness to consider the civil service position and it's current pension arrangements or am I reading into the negatives too much?
The pay cut would mean also be cutting the private pension and losing the 5% employer contribution.