To ask how much is in your pension pot and your contribution %

Such an interesting (though depressing!) insight. I actually hadn't considered it from that angle.

Theres something very wrong with a system that rewards people who don't contribute.

I'm late 40s and have about $350k in my work retirement plan plus about $130k in an IRA (in the US.) I earn six figures and put in the max contribution to my employer plan (about $25k a year I think.) My husband has about $900k, thankfully - we have three kids to put through college!

50, earning £44kpa but a good few years of child rearing / part-time work mean my pot is under £40k, (though am due to receive a good chunk in divorce settlement pension share shortly) and current contributions are 5% me / 5% employer. I am increasing this with the NI cut in April. I do have full NI contributions though.

Female, 41, 340k and 1k a month contribution (self employed so no employer contribution)

Early fifties and DH and I have a pension pot of £650,000. We're also looking at selling our large family house and downsizing which will make us mortgage free with approximately another £100,000 in the bank. It isn't enough though to give us a really comfortable retirement yet.

These employer contributions are impressive! Mine pay 3% and I pay 5%.

I'm a similar age OP and my pot is only at £13k. My salary has jumped up a lot in recent years (now £67k) so I do feel a bit behind as I spent so long on minimum wage.

I've not increased my contributions because I want to pay off debt and buy a house first and a few people have suggested I sort that before looking at my pension.

YABVVU. All threads of this ilk are, asking for personal financial information. It just leads to smug bragging. What does it even achieve comparing with others - they're all going to be varied as everyone has different income and contribution levels.

There was a thread on this about 2 weeks ago as well 🙄

Can I check what you mean by the risk/reward here and what you're basing the assessment on? Of course there are people who currently would have been better off without a small pension because it makes them ineligble for pension credit and that is the gateway to other pauments. But I thought that the system was moving so that anyone who gets the full 'new' state pension would not be eligible for pension credit and the additional benefits that go with that. The argument was that this would mean that people would then benefit from any savings they had made even if they were small. That would mean that if the system stayed the same then anyone who was going to be eligible for the full state pension would be better off saving something (caveat if you are renting then it might affect housing benefit).

Of course things are very unlikely to stay the same and the systems are horribly complex and depend on your age and circumstances but I'm not sure how exactly you got to this
You either need to blast a hole by charging your pension to a scary number in the UK or don't build any really significant pot and let the government deal with it once you reach state retirement age.

29, NHS pension - 10.7% from me and 23.7% from the NHS. No idea how much I'll get once I retire but at last glance it was estimated 35k per year.

Personal investments that will be for my pension ~ £5,000, with £100 added each month until retirement with a yield of around 6-8%. Est £1.1m by retirement age - I really recommend investing!

I'm almost 35. My pension pot is £89K at the moment.

I pay in 13% and employer 7% (plus the extra NI saving too).

From April I'll be upping my contributions to 14%, and also salary sacrificing my bonus too (~£15K) as I need to try and build it up. I didn't join the pension scheme until I was 28. Once I'm over the eye-watering nursery fee years I hope to put a bit more in there, especially as its such a tax-efficient way of saving for the future.

SAHM 56, DH set up SIPP for me years ago, it’s now at 870k. He also has a SIPP in his name.

44, £90kpa, £50k in pension, on a high-risk fund. 9% contribution.

My mortgage will be paid off in 2041, when I'm 61. We will downsize to free up around £500,000 in cash. My pot is projected to be around £450k by that time so with a fair wind, I should be able to retire with circa £1m.

Be careful. If in any of your 35 years of state pension contributions you were 'contracted out', then you will get a reduced rate. Check.

I think the CETV for an equivalent £24k per year would be about £550k.

Totally agree. I don't know why I open these threads, as all the posters with pots WAAAAAAY in excess of mine and saying it's not enough, give me anxiety!
I'm mid 40s. Pot is 85k. I contribute 4% to a personal one, 10% to a work one and employer puts in 5%. So 19% overall. As far as earnings go, I'm not a higher rate tax payer but not too far off.

I know it's not enough. But I do actually want to enjoy my life slightly and not throw every penny (that I don't have anyway) into a pot that I might not ever spend.

I need a new job. But my hours, office location, work ethic....it all keeps me here. I'm so tired and so fed up of worrying about money for XYZ. Pension. Holiday. University savings. As well as having an actual LIFE.

About £90k, I’m 31 and put in 6% a month, employer puts in 15% so 21% a month going in

43, £80k, £185k in pension, 10% combined contributions
Paid off mortgage

Age : early 50s,
Current pot : £550k
Current salary £90k
Contributions : 51% (43% me, 8% employer) + my bonus

Am so fed up of working and hoping to stop within the next few years.
It won't be a luxurious retirement but it will be good enough.

33, ~£135k pot, £80k, 18% (8% me, 10% employer)

I have worked and paid NI full time since 18. I qualified into my profession whilst working (and raising a family - that’s why I look 55!)

I had a defined benefit as Teachers Pension but I got a chunk of exh pension upon divorce and I put it in a Sipp. I also added to the Sipp and when I early retired at 57 it had reached £55k so I took 25 percent and put rest into an annuity to last 10 years from when I'm 57 to 67 years. Then I'll get a state pension kick in. In the meantime I've carried on putting into Sipp again and it's now back up to £11k. If I don't pay into Sipp I simply pay more to Mr Hunt.

Age : early 40s,
Current pot : £185k pot,
Current salary £35k (P.T hours, will increase once kids are older)
Contributions : 22% (6% me, 16% employer)
I've always contributed a minimum of 5% since leaving university at 21 and always worked somewhere where contributions are at least matched.

Just under a million, 47
This came from massive employer contributions in lump sums as apposed to bonus. To balance I only have 60K in savings

No idea because I am in a defined benefit scheme. (Civil Service). We have a site where you can see what you’d get and mine says £25k pa if I retire at 65. Plus £27k lump sum. I’ll get the full state pension at 67.

Am on £52k and I believe contributions are 5% from me and 12% from employer.

Am late 50s, single and should have paid mortgage off by 60 so can always downsize and move out of the south east (if my children ever leave home!).

I want to partially retire at 60 and take reduced pension of 18k and just work part time. I spend far too much time wondering if that is actually possible! Would be useful to know what my pension equates to as cash value to compare with others.

@SallysLeftCheek cheers yeah, thanks for getting it. I didn't set the system up, but I have to get by within it. The worst position to be in is to have just that bit too much to qualify for any help.