HOW much should I save for RETIREMENT? / Is an 8% pension contribution enough?
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 Published On Apr 13, 2022

Chartered Financial Planner based in the UK.
Contact: [email protected]

Or you can book an initial call via: https://featherstonepartners.co.uk/ab...

HOW much SHOULD I save for RETIREMENT? Is contributing 8% of gross salary to a personal pension enough to build a retirement income? What factors are involved in building a pension and what we can and can't control? What to think about if your pension contributions are based on 'qualifying earnings'...

We take a look at the minimum pension contribution required under auto enrolment. Also what size pension pot could an 8% pension contribution build along with showing some examples using our cashflow modelling tool, the impact of higher contribution levels, of starting later etc.

Link to OECD Pensions at a Glance:

https://www.oecd.org/publications/oec...

Link to the Government Money Helper Website:

https://www.moneyhelper.org.uk/en#

Link to Government review of qualifying earnings:

https://www.gov.uk/government/publica...

🗒 Please note:

The information provided is based on the current understanding of the relevant legislation and regulations and may be subject to alteration as a result of changes in legislation or practice. Also it may not reflect the options available under a specific product which may not be as wide as legislations and regulations allow.

All references to taxation are based on my understanding of current taxation law and practice and may be affected by future changes in legislation and the individual circumstances.

This channel is for information and education purposes only. Any information or guidance given does not act as financial advice. Please consult a financial adviser if you are unsure in anyway.

Keep in mind that the value of your investments can go down as well as up, so you could get back less than you invest.


⭐ My aim is to provide education and guidance to help individuals understand pensions, investments and protection.

#pension #retirementplanning #financialplanninguk

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