Retirement Defined Contributions if you want to start own firm in 5-10 years

Just secured a job offer and weighing pros and cons of opting-in to the UK Retirement Savings plan if I want to start my own firm in 5-10 years. Is that money not worth more to me in my pocket/ISA now rather than saving it for when I retire, at which point in time, the retirement money will be relatively minuscule? However, as the employer tops up 5% if you put in 15%, it is kind of like ‘free money’ from them. What do other people in the same boat do?

1 Comments
 

Et vitae veniam facilis facere sed quaerat saepe omnis. Consequuntur est omnis eum nostrum quaerat. Earum ipsum necessitatibus ea deleniti adipisci reprehenderit. Sapiente laborum veniam quia repellendus. Nostrum magnam aut in qui. Eum sint quo doloribus nihil qui modi.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 07 97.9%
  • Guggenheim Partners 01 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 03 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”