To ask how much you have in your pension?

[lbyc]

I know its a really personal question but I'm just interested.

I've been banging onto my partner about how important it is to start putting into a pension but he doesn't seem to get it!

I'm early 20s and have near £4K in mine already. The thought of being older and having absolutely nothing or very little in my pension is terrifying.

I know it's going to be years and years before I retire but I still think it's so important.

What about you?

What a lot don't understand her a lot are on minimum wage jobs or close and pay next to nothing.

What's point in putting money in a pension if you are struggling right now.

I'm 26 and pay into a teachers pension and have been doing for 5 years now. Reading some of the comments I can see it's a bit different than others? Can someone explain it to me please as someone also mentioned something to do with not over paying as the money will go nowhere? Thanks

You can check out the responses on this recent thread about pension:

How old are you and how much do you have saved in your pension?

http://www.mumsnet.com/Talk/legalmoneyy_matters/3614330-how-old-are-you-and-how-much-do-you-have-saved-in-your-pension

Early 40s and about 40k which is pretty bad. However we are throwing everything at the mortgage currently which is nearly paid off. Within 5 years we'll be able to save much more and also at least have a decent asset.

I feel so worried reading all of these replies!
I've paid into a pension scheme religiously since I was 18 with every employer I have worked under. However being young and stupid I've never kept track of any of these schemes or how to find out what I paid in. I just assumed everything went into one massive pot and I would be given it all back at retirement age.
Now I'm thinking have I been really very stupid and if I don't know where the money has gone then there is no way of getting any of it paid out to me?
I'm 32 so it's a lot of years worth of money going down the pot if this is the case!

I have something in my NHS pension. Not a huge amount, but better than nothing. From working at McDonald's before my health nosedived, I have the princely sum of £60 in my pension pot.

What's point in putting money in a pension if you are struggling right now

I don't for that very reason, I look forward to retirement because the state pension is more than I earn.

Dh retiring in three years, along with state pension he will have a final salary income of £42k, I will still be working in my part time job so that will be another £12k a year, then when I retire ( eight years younger) we will drop back to £50k. Survivors pension for final salary for me of 2/3

We also have a pot of about £160k

A few other tiny pensions from when I worked around DS.

House mortgage free and worth £650k on a good day with a following wind.

I should all things being equal inherit the guts of £200k

We will more than OK but we sacrificed a lot to get there.

mid 30's and about 60k here. Have a bit in another country that i used to live and work in too (not as much as here).

People on low incomes especially if they're going to be renting forever are probably better off not having a pension. State pension plus housing benefit and pension credit and associated freebies will give you roughly the same amount of disposable income as you have now on minimum wage or anything near to it. The only reason the government brought in compulsory pensions is to try to plug the gap in the social care and housing benefit bill. Once you've done that with your hard earned savings, you're no better off than if you hadn't bothered.

“People on low incomes especially if they're going to be renting forever are probably better off not having a pension.“

I don’t agree. A good friend is a farm labourer so is very low paid. He can never afford to own a home and has always lived in employer provided accommodation. He started his pension saving at 18. He is now 52 and will be able to retire at 55. A small amount of money put aside early grows a lot more than a lot of money put aside later in life.

About £70k. I’m 38. I consolidated all my pensions from previous jobs last year, so everything is in one pot and it’s easier to keep track of.

TheGoldenChild You should be able to track down and consolidate your old pensions. Have a look at this: www.google.co.uk/amp/s/www.moneyadviceservice.org.uk/en/articles/trace-lost-pensions-and-request-pension-forecasts/amp

I am 36 and have 60k in mine, which was one of the benefits of married to IFA Ex-H, he made sure I understood how important a pension is. I also have around £5k in a LISA.

My dad is 63, struggling with his health and still has to work long shifts in a very manual job because his small private pension means he cannot afford to retire yet. I dont want to be like that.

Not a lot.
I have 14 years worth of a low grade civil service pension from 20 years ago and already receive a widows pension.

But my house is paid for and worth around £700k and I have investments made with my late husbands life insurance payout.

In a few years I will downsize using half the house value to rehouse me and the rest I will give to my children. My aim is to have my total estate below the inheritance tax threshold by 75 as most women in my family live until their late 8o’s.

Zero. Parent of child with special needs

I'm 31 and have £13k.
I've decided that from next year any pay rises will go straight into my pension. I earn enough now to live comfortably and my pay should still go up significantly over the next 5-10 years as I continue to climb the ladder and get post qualification experience. My OH is 40 and has about £350k, he saved hard to put a 35% deposit down on the house and now puts 40% of his salary into his pension (tax benefit as otherwise he would be a higher rate payer)

£10000 and a few hundred in other pensions. 32

I am 47 and have a final salary pension scheme worth around £15/year at retirement plus a voluntary pot of currently £90K plus ISAs of around £80k.

DH (51) has a pension pot of £400k plus £90K in ISAs.

We should be mortgage free when DH is 65 or earlier if we continue to overpay. The investments are also designed to go into safe mode when DH is 60 to have additional funds available.

I am absolutely terrified of not having money or savings so at the moment we both save in addtition to work pensions, £250/months into the ISAS plus me £200 in my voluntary pension plus another £500/months into normal saving accounts.

Mid thirties, I have 3 pension pots from different jobs, one has about 14K, another 22K ish and my most recent about 16K. currently 10% of salary paid in, will increase as I get older and earnings increase

@Vgbeat I am the same as you. Always has trouble finding work and I temped. Never was asked to join one and when I fell pregnant 7 years ago my fixed contract ended. Pregnant again so looks like I won't be starting one anytime soon. However I have some inheritance put away and hope to get a pension started one day...

I'm 28, have about £17k across DC pots from previous jobs and a lifetime ISA, and have accrued about £1400 pa in DB. Just joined the LGPS and intend to stay in this job a while for the pension and keep contributing to the ISA.

Public sector pension (GP) so I will get about £60,000 a year.

My dh (private sector) has about £500,000 in his, but our plan is to live off my pension, and cash in his to split between our dds. Hopefully they can use it for a house deposit.

Teacher pension. I'm currently in line for 10k a year and a 20k lump sum when I retire but that should rise as I have another 14 years of full time ahead of me and I've done 14 years of part time and 2 maternity leaves in the past which limited my contributions a bit.

I have £110k, aged 35.