How big should my pension pot be?

How big should my pension pot be?

Author
Discussion

SluffMcDuff

Original Poster:

43 posts

124 months

Wednesday 28th January 2015
quotequote all
I'm 36 and for one reason or another have never got around to getting a pension (yes I know).

I will shortly be coming into a not insubstantial amount of money and think I could use some of this to bump start a pension. I think I can put £30k a year in and still get full tax relief (please correct me if I'm wrong).

The big question is, at my age how much should I already have in my pension? I know that's an almost unanswerable question. As a bit of context I earn approx £50k at present if that means anything to this question.

Any help and guidance appreciated

SluffMcDuff

Original Poster:

43 posts

124 months

Wednesday 28th January 2015
quotequote all
Yes there is a salary sacrifice pension available and I was thinking of doing just as suggested.

Using those calculators I can see the amount since been thinking of aren't enough to give me what I want. Looks like more money need into the pot now.