{ "media_type": "text", "post_content": "Is it worth paying a pension when on Tier 2 visa and not knowing if you’re going to live more than 4-5 years in the UK? Salary is around 50k", "post_id": "5fa88062035e140021a0ae21", "reply_count": 8, "vote_count": 1, "bowl_id": "58f81907c1ca28001625d527", "bowl_name": "Londoners in Consulting", "feed_type": "bowl" }

Is it worth paying a pension when on Tier 2 visa and not knowing if you’re going to live more than 4-5 years in the UK? Salary is around 50k

like
Posting as :
works at
You are currently posting as works at

I think you can get the state pension after 10 years of working in the UK.

I’d say you should definitely opt into private. I only intended to stay in the UK for the 9 months and I’m still here 6 years later.

This place has a way of sucking you in.

like

Second this, I only wanted to stay here for 2-3 years. Its now 10 years later and I'm still here, taking other people jobs 😂

funnylike

Withdrawing can be tricky. I'm on T2 from US and decided to find (match is too good to pass up). The US makes it hard to transfer into a similar retirement plan, but from my understanding (limited) I think I can just have it deposited in s British checking account without issue.

like

I'm not at all an expert, but yes, that's my understanding. My firm matches 1.5x (I put in 8% they put in 12%) so after the tax benefit, the ROI is huge. Even if I can't just withdraw to a UK bank account during retirement and take some kind of hit when repatriating the money, it will still have been a good investment.

There's a risk of future FX and tax law changes. If the £ becomes worthless, I'm screwed. If some new tax law prevents me from withdrawing, I'm screwed.

like

Private pension should stay with you. Just don't pay the state pension which is not usually matched by the company anyways.

You should invest in a pension, if you leave you can always use a QROPS to take it back to India.
https://www.hdfclife.com/retirement-and-pension-plans/qrops-overseas-pension-scheme

I wish the US would fix their QROPS situation.

Related Posts

: I have given interview for tech lead position / oracle programmer role & Infosys , i have 10 years of experience , job location is in AustinTx /Sunnyvale CA , what is the minimum $ I should ask ? I do not know the salary structure of the company yet ? Please advise if you have worked with infosys ? Any other advice on benefits etc ?

like

I was told i was getting fast tracked to senior associate. I specialize in SOC, NIST, ISO, and HITRUST. I will be the lead on projects for the following frameworks. What should I expect for salary in the DC metro area?

like

Hey all,
I’m a 34yr manager in corp dev at a Canadian utility ($2B rev) operating in Canada and US. Hours are no more than 40 a week and I make 165k CAD. I have a PE, CFA and MBA. Career path is pretty slow. My wife is an anesthesiologist ($450k/yr CAD). We live in a tier 2 city in Canada. I want to move and try to get a infra PE / asset manager role in US/ Toronto. Big 4 reached out to be manager. Any advice. torn between staying for pension and trying to pivot at 34 and moving to US

like

Recently graduated with my bachelors and got 52K for staff accountant on the audit side. Recently been in talks with RSM, if I get an offer after the internship what should I shoot for salary?

like

Meeting with a recruiter at one of the FAANG companies. I won’t be able to move jobs because of H1b /GC at least for the next year. Any idea if I should start off with that or should I just try to understand the work that they have been doing?

like

Work during firm-paid holidays?

like

how much I can expect in-hand salary in PWC with 20LPA(Fixed)?

YOE:11
Tech stack: SFDC Developer

like

Contract funding is expiring but I also have a new job lined up to start in June. Partner and HR are aware. We're essentially mutually parting ways.

I thought that I'd be resigning, but they offered today to terminate me for the sake of unemployment benefits.

They said I'd always get a glowing review and be welcomed back (leaving/not rolling onto a new project b/c one-off work-life stuff not aligning with project needs currently: great exp otherwise).

Pros and cons of resign vs terminate?

like

Considering a potential offer as assistant controller at a small HF shop, less than 20 folks at the firm. Currently an A2 in audit will be promoted to S1 this summer. No CPA.

Recruiter said I should expect an offer my way. I was sent for 95-100 base, and to expect ~20% annual bonus, full medical dental benefits, added plus is free lunch and gym membership for what it's worth.

Is it too early to leave? Is this offer at market rate? What other factors should I consider?

uplifting

Recently got an offer from Amazon for BI Engineer role. H1B transfer applied and currently in RFE.
Anyone else going through same thing?

I’m moving to TX at the end of May and just started job hunting. I have one offer for teletherapy for $41/hour, but it definitely is not my dream job and I think the compensation is low. Any other SLPs in TX? What setting do you work in and what do you consider a fair wage?

Recently got a Google L4 biz ops and strategy offer! Verbal offer, salary offer to come next week. Negotiation tips? ( FYI - don’t have a cross offer, 225k all in at BCG rn, 3YOE, consultant)

like

Currently have two offers LEK and S& Deals. Since it's similar work and I really like people at both of the firms, my choice will come down to $$. Which firm pays more at the SA / Consultant level and which firm has the higher compensation upside?

like

Anyone using Amex Blue Cash Preferred for Uber rides? It’s supposed to be 3% cash back on transportation, including Uber and Lyft, but for some reason it shows 1% on all my Uber rides in December (and it was 3% previously). Not sure if it’s just me or if it’s across the board

like

Accenture ACN strategy and consulting
Can someone highlight the career levels and years of exp expected and salary range for them?
Accenture Accenture India

like

Benefits of kombucha?

like

How do you factor 401k contribution and match into your retirement planning? Btw my spouse and me we put in 60k into our 401ks (2 maxed 401ks and 2 6% 401k match).

like

Any Strategy& SM available to DM? Have an offer and would like to get some thoughts on the base, sign-on and bonus - negotiable? Also, bonus cycles and timelines etc?

like

What is a reasonable salary for an incoming private equity analyst on the investment side? HCOL city.

like

Hi Fishes,

Please help ,Capco vs Mercer which one is better ?

Yoe - 7.3
tech stack - Data Scientist

Mercer - 25.5 Ctc - ( 23 Fix)
Capco - 24 Fix plus 1.5 Lakh Joining Bonus

Please suggest.

Thanks

Additional Posts in Londoners in Consulting

M&A tax salaries at Alvarez and Marsal?

like

Best bars to meet new people/single guys in Brooklyn?

like
like

Hi i got offers from TCS - 21LPA (associate consultant) and CTS - 22LPA (Manager). which company would be suitable for career growth and work life balance?

Hi all! I’ll be relocating from NYC to Orlando, FL in July. I already applied for my license and have interviewed with a few locations but was hoping to get an idea of average salary in post acute care setting. Thanks in advance !

like

Whats the scene for sabbatical leave at amex,
I have been here for over a year now.

Whats the eligibility criteria? How to request one? Etc.

Thanks in advance.

like

Sporks out at FCB Chicago. Now we only need them to turn off CNN and put sportscenter back on the TVs!

like

I've been eying it for a while and mad I didn't get in earlier, but finally started a position in BNGO. Anyone else on it? It seems like they can be a more cost efficient PACB and Genomics is expanding like crazy. Imagine if Cathie gets in on this...

likefunny

Walmart tech vs target ? Can anyone help in making this decision ? Bith are offering almost same salary. Target offer more fixed salary.
UI-3 in walmart. Senior Engineer - L5 at Target.

Does anybody have any idea of growth, work life balance of each or either company ? This will really help. Thanks.

like

For those who have experienced professional life on both sides of the pond, any theories as to why salaries in the U.K. are so much lower than in the US?

like

What trends are you seeing right now? What do you think will stick as we wrap 2020 and head into 2021?

like

Looking for some measures that folks have found helpful in dealing with parents with unreasonably expectations. Completed a grad program while working and they're nonstop on me for weight, dating, etc

likehelpful

What is the average yearly hike at LinkedIn India?

Product solutions role
2.5 yoe
20 LPA CTC

LinkedIn Microsoft

like

“Lots of people love flowers.
Some cut them,
Some plant them.”

Any other women feel as though they were hired for their skills/accomplishments, but then shoved in a box unable to push themselves further? I feel cut instead of planted.

like

Does Accenture have cloud security positions in New York?

Anyone else constantly looked at and forced into PMO/PM roles because of their military background? Absolutely hate it and have been trying to focus career elsewhere.

like

See it very often in the crypto community. Why is it that when someone asks a straightforward question, instead of responding with an answer people respond with YouTube videos? Seems lazy and as if you yourself don’t know the answer / don’t understand what you’re investing in

like

Can someone tell the difference between ey Technology (core business services) and technology Consulting @

like

🚨 Official Chief Ranking Thread 🚨

Atib (of course)
Manager 1
Payments Operations Manager
BCG
Project Manager
KPMG
.
.
.
.
McKinsey & Co
Partner 1
.
.
.
Business Analyst

likefunnyuplifting

Additional Posts (overall)

Is it okay to work remotely in an EU country for a few days if I have a skilled worker visa in the UK, but am neither a UK nor EU citizen? Thoughts on overseas remote working?

like
like

Has anyone heard or worked for New Street Consulting Group? If so, would love to learn about what they’re like as a company and their culture.

like

Any cycling studio recommendations. I’ve tried boom, 1 rebel, another space, and I think they all stink. No one rides to the beat of the music and even the instructors play songs that don’t CONT

like

For those who have experienced professional life on both sides of the pond, any theories as to why salaries in the U.K. are so much lower than in the US?

like

When submitting resignation do you pro rate the number of holiday days you would have accrued? I have leave booked around time of resignation (of which 5 days is PY roll over) so wondering if I can add an additional 2 days leave to the date from which I'm counting back 30 days from ie 20 days normal notice 5 days PTO (starts Thursday) puts me 27 days post submitting notice (wed). Could I add 27/365x 25 day holiday allowance = 2 extra days of leave I can add.

like

Late 20s male here 👋🏼 Looking for a new work wardrobe, switching firm and want to put in more effort into the way I present myself. Any recommendations for shirts, suits and shoes pleaae fishes?

like

Hi all, was wondering if I could get some insights into approximate partner renumeration for a couple of firms, namely Guidehouse and Simon-Kucher & Partners? I am interested in comparing these to the firms who’s information is more public. Thanks!!

likefunny

What is the compensation range for Big4 Consulting Managers in London. Planning for U.K. Secondment

Hey guys, has anyone ever successfully negotiated a higher sign on bonus for McKinsey London? Not entry level. Any tips or advice on a general range for this would be much appreciated!

like

Anybody know the Alvarez & Marsal Associate level base salary?

like

Can we reflect on how nice it is having a bowl which isn’t littered with anti-vaxxer debate. I never quite appreciated the different outlooks Europeans and Americans have until I downloaded fishbowl..

like

Been in consulting 10 years. Been offered an in-house role. Sounds like a good company (money a bit better but I recognise I’ll likely be stagnant for longer too). I’m worried I might get bored of the operational elements. Anyone got any thoughts between consulting vs in-house, if you’ve worked in both? Thanks!

Any tips for ACN skills interview?

like

What’s a generous, but realistic, base salary offer for a Manager with 2 yoe at level at Deloitte in London? £85-£90k?

Anyone have recommendations for the algarve? Traveling early May with my bf. Have a friend that likes Lagos but I know there’s a few other areas as well

like

PA Consulting on a heavy recruitment drive. DM me to chat about possible roles/referral

like

Looking forward to a good summer this year. Where are you guys planning on going away to?

likefunny

How are the pay-scales at EYP for M and SM levels?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy.

Already have an account? Log in

New to Fishbowl?

image with Fishbowl logo and arms reaching out for a handshake

Already have an account? Log in

By continuing you agree to Terms of Use and Privacy Policy.
Messaging rates may apply

For account settings, visit Fishbowl on Desktop Browser or

General

Legal