How big should my pension pot be?
Discussion
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
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
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