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Pension. Anyone offer any guidance please?

(6 Posts)
OrmIrian Fri 08-Aug-08 15:28:18

I have an occupational pension - quite a good exployers contribution as well as mine. Assuming that I stay here until I retire I will have a projected pension fund of about 120k. But apparently that will buy me a yearly pension of approx £2500. This seems a bit low to me. Or am I missing something fundamental?

I can ring a number on the statement but I'm not really sure where to start with questions. I've had this pension for ages and I know I should keep on top of it but I've sort of pushed it to the back of my mind.


palaver Fri 08-Aug-08 15:29:29

£120 K should get you about 8 K, not 2.5

palaver Fri 08-Aug-08 15:31:37

see table here based on 10 k

OrmIrian Fri 08-Aug-08 15:31:59

Right. That sounds a little better. Thankyou.

palaver Fri 08-Aug-08 15:33:27

There is a best buy table in the Sunday Times Money section every week, which I look at ( don't know why as I have a final salary deal)

OrmIrian Fri 08-Aug-08 15:36:43

Thanks palaver.

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