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Pensions

1 reply

user22222 · 11/10/2021 10:30

How much did you have in your pension by late 20's?

I'm just wondering if I have a decent amount compared with others, I shouldn't worry too much as I can't retire until 2060 anyway 😁

OP posts:
nannynick · 11/10/2021 10:41

About £3000.
My late 20's was some time ago. Back then I was in a job where there was no workplace pension. I had a personal pension from the age of 25, which I paid at the time £50 a month to.

I now know a lot about pensions and I would be telling my younger self to put as much as possible in to a pension as I could but to also look at the fees on the pension, as some can rather high and others are quite low. Also default funds do not suit everyone... young people can take a lot more risk then they may imagine, as their investing timescale is huge.

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