Meta London Perks

Anyone from Meta London care to comment about these two perks/benefits: 1) Pension redirection - how does this work? max % you can redirect? 2) Laundry? how does this work? is it taxable/BIK?

Google CommonZenz Apr 2

Do they provide free braces for the horse teeth yall have over there?

Spotify wnhH54 Apr 2

This is crazy

Netflix Trump β€˜24 Apr 2

Damn son πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚

Morgan Stanley dirtyduece Apr 2

Laundry, really?

Meta rEde88 Apr 2

Unlimited Tea!

Amazon Zuck You Apr 2

Also interested in pension redirection. What kind of plans do you have? Anything like a straight S&P500 fund?

Meta arcmut Apr 2

Laundry benefit got cancelled to cut costs. Pension can't remember exactly off head but something like 4% company contribution, 2% 1-1 matching on top. You can select the investment fund.

Google okEU82 OP Apr 2

Thanks for the only sane reply here. Would you be able to confirm the pension percentages?

Upwork sf3 Apr 2

What the fuck we still in the ZIRP era?

Meta Kenhokuto Apr 2

The minimum required by UK law is 3% but you can put more and the company will double that Thus if you choose to put 5%, the company will put 10%. There is a maximum % the company will put but I don't know the cap I always put the minimum 3%

Google okEU82 OP Apr 2

This is different a bit. there is a benefit where you can contribute and the company matches, but then you can redirect it to an ISA and a general account (and get taxed) instead of having it in the pension. This is useful for those who will be hit by what is called the Tapered Allowance. Generally there is a maximum to the amount you can redirect - what is it? this is generally called pension redirection.