Redwigwam - is it worth opting in to the pension scheme?

[ASAP]

I've signed up to Redwigwam and I'm just wondering whether it's worth opting in to the pension scheme since I doubt I'll be earning much from them?

 

[InItForTheMoney]

Do they offer a % contribution match (i.e. free money)?

 

[homie]

I'd say not worth it. I earned £250 last year with them and probably less this year. Didn't seem worth faffing around with the pension just for that.

 

[ASAP]

Do they offer a % contribution match (i.e. free money)?

I'd say not worth it. I earned £250 last year with them and probably less this year. Didn't seem worth faffing around with the pension just for that.

I think they do offer a % contribution match, like 1% or 2%.

Yeah, I think I'll be earning around £200 max from them, so I'm kinda thinking that it's not worth joining the pension scheme.

 

[The Reverend]

If its 'free' (they contribute, you don't) then go for it.

If its matching (you pay x, they pay x), and you aren't reliant on the money, and you want to increase your retirement income then go for it.

If its a top up (you pay 2, they pay 1) and you aren't reliant on the money, and you want to increase your retirement income then go for it.

Anything else, I'd suggest you avoid. Unless you earn ££££ from them a year I doubt it will make any difference. Tomorrow they might shut down and you could have £50 locked in until retirement. But £50 is £50.

 

[Andrew]

Keep the money and invest in in something for yourself. Experiences are always better than money!