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If you’ve been on an ‘average’ salary your whole working life, how’s your pension looking?

6 replies

sadandpmsing · 24/05/2025 18:38

Many people come on these threads who are high earners with thousands and thousands in their pots.

I am mid 30s and on £33k and until a few years ago when I joined a good scheme, my pension contributions have been low (due to salary) and low employer contributions. I only have £8k saved from 5 years of work before my current job.

just interested to know how pension pots are looking for average earners in a similar situation to me?

OP posts:
Ted27 · 24/05/2025 18:57

Not directly comparable as I have civil service pensions but my salary is in that region, a bit aless for the last 10 years or so as I was part time.
I left work 18 months ago on redundancy. I'm 60 in a few weeks.
I've already claimed one part of my pension which related to an 18 year period of service and which I was eligible to claim this year. I had a lump sum and a pension of just over £11,000. I have another one relating to a period of 12 years service, all part time. This is payable when I am 67. No lump sum with this one which I expect to be around £7-8k depending when I take it.
So around £18k in total representing 30 years of service.
I've never been able to save apart from short term things eh holidays, work on the house.
I'm working as as a foster carer to bridge the gap until I'm 67.

sakuraspring · 24/05/2025 18:58

What's in your pot for your current scheme now?

Howspieduh · 24/05/2025 19:04

I am also mid 30s. Went PT a few years ago since becoming a parent. Pension pot only worth around 30k now!

soembarassing1 · 24/05/2025 19:05

Similar. I’m 38 on £31k and about £6k in a pot. I had to come out of the contributions a few years ago as I couldn’t justify the £150 a month whilst having no food in the fridge.

Im praying there is still a state pension when the time comes, because I’ll have nothing.

RuthW · 24/05/2025 22:53

I earn less than you do now now. I’l 57 and my pension pot is good enough for me to retire at 60 if I wish.

IndieRocknRoll · 30/05/2025 21:08

45 now. Teachers pension scheme for 20 years. I’ve worked mainly part time, though had a few years in a senior position before DC.
Mine is projected to be around 20k per annum with 20k lump sum. Plus state pension of 11k per annum on top (if it exists by then)

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