New job

Now 3 weeks into my new job and have just received my first pay!

Still waiting for my old employer to pay my final salary and redundancy payment and provide me with a P45. Not having a P45 means that my new employer has had to use the emergency tax code so I have been taxed on all my income.

I have found that I can’t join my new employer’s pension scheme for 3 months as they have a delayed auto-enrollment date. They don’t backdate either which seems to be permitted under the move to auto-enrollment. Ah well, at least they seem to be aware of what they need to do and will be offering a scheme although it will not be very generous it is better than nothing and I get some tax advantages from saving into a pension scheme.

Other than that, I am settling in and meeting loads of people. Will see how it goes as I am unsure if its a good move for me. After all the upheaval at my last place, I feel somewhat down on the whole business environment at the moment. I need to continue to work and concentrate on my FI plan to free me from this treadmill.

Off to see how my finances are for the end of November.

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One thought on “New job

  1. Hi Sparklebee,

    Great to hear you’re starting to settle in. I haven’t changed jobs in 8 years so I’ve forgotten what it’s like when you’re surrounded by a bunch of strangers and you feel like you don’t know anything about your job (compared to everyone else). It’s a tough one!

    At least you have some motivation during this transition to make some progress on becoming FI.

    I hope you continue to settle in. All the best!

    Huw

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