- April 19, 2024
- Posted by: legaleseblogger
- Category: Related News
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## Are You Curious About the Growth of Your Salary Sacrifice Over Time?
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****** just grabbed a
Depends where you are sacrificing it to.
Leasing an EV, no.
Putting it in a pension, depends on how the fund performs.
I conclude from this you don’t know what salary sacrifice is.
It just means contractually reducing your salary in exchange for your employer providing a benefit. Often but not exclusively pension contributions.
How would that concept be expected to return interest?
If you’re talking about the funds that you’ve sacrificed into your pension then no, unless you have a **fucking appalling** pension setup that allowed you to set it to do that yourself.
Your pension should be invested in funds that, over time, will go up and down but outperform any interest rate you could possibly get guaranteed.
I think it’s pretty obvious you mean salary sacrifice pension, this will be invested in stocks and shares big a 3rd party company. Your employer should have given you log on details for the provider they use, you can usually log on and choose or tweak investment profiles.
On the assumption you’re talking about salary sacrificing for pension contributions then no there isn’t an “interest rate”. The ‘funds’ that your pension goes into should however grow over time, ~7 is a reasonable figure, over the long term.