Pension Pots
Hi all. Before I start, I would like to say that if the following post is in the wrong section then please do let me know but I thought that Pensions should be under the jobs section.
I am curently studying to become a pilot but there is something ive never understood. On sites like pilotjobsnetwork on most of the airlines it says something like 7% basic salary paid to pension pot. Is this amount that the company pays paid into a company pot or could you put the amount or some of it into a cash ISA to avoid tax, especially with the limit being raised to £15k a year. Ive heard that airlines like CX pay the money directly to the pilot but wondered if its the same for airlines in the UK like Easyjet or Monarch.
I would appreciate any and all comments
Many thanks in advance