How much do you save?

[Seany88]

I'm just curious how much people save each month/each year. I personally don't have a set amount, but whatever is left over goes into the mental war chest and then at the end of the year I put it into my ISA.

I don't have a pension and don't see myself starting one anytime soon (self-employed) so my ISA is my pension really. I never touch it and haven't as yet come across anything that will make me dip into it. Will it be enough? Who knows...

[Seany88]

Supernova190188 said:

Usually about £1,000 per month or so but recently a bit less as I've been trying to plow on through my motorbike test and going out a bit more for meals and drinks.

I've just passed my DA, good luck!

So do most people manage to use up their full ISA allowance each year?

[Seany88]

swerni said:

Seany88 said:

Supernova190188 said:

Usually about £1,000 per month or so but recently a bit less as I've been trying to plow on through my motorbike test and going out a bit more for meals and drinks.

I've just passed my DA, good luck!

So do most people manage to use up their full ISA allowance each year?

Unless you're doing a stock and share ISA, there's very little point.

I save roughly 50% to 60% of my gross income.

It is a stocks & shares ISA, but even if it was just a cash ISA do you not think that building up a significant pot (after 30 years) of tax-free income is a good thing?

I'm not convinced on pensions, I've thought about starting a SIPP but I'm just not sure I'll make it to pension age!