How's your pension looking?

Sheep_shear

How much are you putting away in your pension? Does your employer match? How much thought do you give it?

I'm kinda lucky that my first proper job automatically put me in one and I didn't give it a second thought or understand much about it til I turned 30.

I put away 5% of my pre-tax salary, matched equally by my employer. I'm in the UK so make use of their ISA stuff too. So overall not too bad, but we want to have kids in the near future so will have to see how this all pans out

SEPT 23 1989

do you work in the pension industry sonny?

Dravokivich

Don't have one.

PommieBast

Have a company pension but I don't put in any salary deductions. Unless one is on a DB scheme then pensions are basically a dead loss.

dotsman

in my thirties, so put away 10%, with another 5% from employer for a total of 15%. This is the minimum that anybody in their thirties should be putting in.

PommieBast wrote: »

Unless one is on a DB scheme then pensions are basically a dead loss.

What are you talking about?

BraveDonut

Me - 2%
Employer - 8%
AVC - 7%

Tax free savings that are (hopefully) growing in a managed pension fund.
I hope to comfortable in retirement (I'm in my early 50s)

Sugar Free

16% total yearly into the main fund. Where I live, there are minimum legally specified returns although they are very low. My fund has returned 3-4% yearly for the last 5 years, which isn't bad but not fantastic either. You can AVC a huge amount yearly if you wish but I don't.

I've no control over the investment choices of the fund and there is no CGT here so you often get better long-term returns - even when accounting for the tax relief the AVCs offer - by dumping your extra cash into an S&P500 tracker or other investments and letting it sit there.

PsychoPete

What pension ?

howamidifferent

I have a DC pension with the company. I pay 6% they pay 8% and I add another 3% as an AVC.
Currently worth ~€250k with 10 years left to retirement.
Hoping to increase AVC's over next 5 years.

Homelander

At my current rate it'll probably be for the best if I slip away at age 66.

Hoop66

I'm sitting in the kitchen of it at the moment. Not too bad.

biko

I have enough pension to do whatever I want.












If I die in 2 weeks.

The Mighty Quinn

Pot of 30 grand or so, and i'm mid 30s.
I don't think that's doing so good!!

jimgoose

Hmm. Good question, I just had a look there. A tad over 210K, predicted growth factor 73%. Right now that's looking like an annual income of around 24k after I retire. I suppose it could be worse - wIth the 13k from the ful contributory old-age pension, that'll be a decent enough tax-free amount. I'm 48, by the way.

NIMAN

Posted on another thread that mine took an approximate £24000 drop over the space of 2 weeks as CV19 kicked in.

It's now back up £40000 again from that low. I'd say it'll do a lot of fluctuating over the next year or two. We are in for a bumpy few years.