Active discussions

Meet the Other Phone. A phone that grows with your child.

Meet the Other Phone.
A phone that grows with your child.

Buy now

Please or to access all these features

Talk
Money matters

Find financial and money-saving discussions including debt and pension chat on our Money forum. If you're looking for ways to make your money to go further, sign up to our Moneysaver emails here.

Original poster

What age did you start regularly investing into a private pension?

77 replies

worldwidetravel2017 · 24/04/2025 10:13

I need to get better @ this

OP posts:
Hitchens · 25/04/2025 13:42

Lemonandappletree · 24/04/2025 18:05

Private pensions didn’t become compulsory for majority of entities in the UK until about 2013; so a bit curious how some people started earlier? Was it government pensions?

Edited

Plenty of companies offered pension schemes decades before 2013. I got my first proper job in 2001 which was a defined contribution, is I got an employer match which was quite standard in the utility industry. Think I paid in 6% and they paid in 12% (on a very low salary though). from about 30 I think I've taken my pension very seriously, paying in 20-30% in myself at some points and having employers pay another 7-15% on average.

I'm 43 now and hoping to be able to at least semi retire in about 8-10 years. At the moment I won't be able to access any of that pension until I'm 57 at the earliest, so whilst I'm continuing to pay 7.5% with a 15% employer match I'm turning my attention to try and utilise my S&S ISA every year.

Aramox · 03/05/2025 19:31
  1. I have a decent one with my job though. Dp, at 67, never started one at all nor did my siblings- I wonder how unusual that is?
New posts on this thread. Refresh page