I have around £40k in a pension pot and save around £100 per month and the company pays similar I am 48.
I went to see the company's pension adviser and he said I really need to be paying a lot more if I want a decent income in retirement. He worked out the figures and said somewhere in the region of £600 extra a month would get me back on track and help me have the pension I want in retirement. I was shocked that it would take this much and that my own savings were on track to give me as little as £80-100 a week in retirement.
Anyone else in the same boat and worried about it? I am single so have to look after myself.
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123 replies
Toystory4 · 10/01/2016 08:51
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