How much do you put in your pension?

[d000hg]

Major clue in the name....

Not if you don't know what "drawdown" means, which I imagine is what he was asking!

[LondonManc]

I'll be concentrating on a property portfolio rather than a huge pension. Yes, there will be a pension element but ultimately it's part of the semi-retired at 60 plan.

[kaiser78]

I pay £1k month into pensions from my Ltd.

What though is deemed to be a sizeable pension pot these days to get a half decent return in retirement ?

[Bozwell]

I pay £1k month into pensions from my Ltd.

What though is deemed to be a sizeable pension pot these days to get a half decent return in retirement ?

Decide how much you think you will need a year in pension income and use a calculator:
Pension pot calculator: How much do you need to save for retirement | This is Money

I think I'd be pretty comfortable on about £20-25K a year income with the house all paid up.

[psychocandy]

Lumped together most of my permie pensions into SIPP a few years ago. Got about £100k in there.

Aint put a lot in there in last few years. Always seems to be something else to spend on. Kids do well, they get to go to Disney every single year - should probably be putting more in the pension than doing this! :-)

And of course this year, better to pay out divs now and do pension next year (well thats my excuse).

Late 40s now so probably better start putting more in.

[northernladuk]

Doesn't whether or not our partners have a pension and how much they putting have a massive impact on what we should be doing? No-one seems to have mentioned it.

[Scrag Meister]

£1500 per month + 1 off annual top up with as much as I can afford up to the limit, currently 40k.

As I mentioned in another post didn't manage a full top up this year as fund are needed for work at our house.

It does amaze me the average pension pot sizes I've read about on the net, around £50-£60k. What is that supposed to do?

[ELBBUBKUNPS]

£953 a month employers core contribution.

[FrontEnder]

Need to start paying into one soon really. Had a decent pension plan from my last Permie employer, but not paid into it or another plan since I started contracting (less than 2 years).

My warchest is none existent though after a few month stint on the bench, so hard to think about anything other than building this back up right now. Maybe need to just get the pension set up and pay a fairly small amount in for now.

What do people do for financial advice? My accountant's firm also offer it, so thinking it may be easier to just go to them.

[Mincepie]

Never bothered with pensions. Overpaid the mortgage instead. Missed out on the tax relief but saved a shed load in interest over the years and happy with the outcome.

This is my plan too