Comfort Pension Level

Annie1960

It also depends on whether your pension is level, or increases in line with inflation.

If it is level, a comfortable annuity in year one could be very uncomfortable by year ten.

atush

Plus was that 15K for one person, or 15K each?

30K might approach comfortable.

Freecall

grey_gym_sock wrote: »

why on earth would you drive 12,000 miles a year

I take it you live in or near a town.

Freecall

atush wrote: »

Plus was that 15K for one person, or 15K each?

30K might approach comfortable.

Indeed, that would be an entirely different story.

Freecall

PasturesNew wrote: »

I'll be living on just the standard state pension

Well I admire you (and that is not a sarcastic comment).

I am frequently in awe of people who manage such things.

wary

PasturesNew wrote: »

I'll be living on just the standard state pension, so not loaded.

Hope you like cold beans?!?

PasturesNew

Freecall wrote: »

Well I admire you (and that is not a sarcastic comment).

I am frequently in awe of people who manage such things.

Well, I've never had a good salary so used to slumming it .... never had a job with a pension, not earned enough to pay into one - and 'advice' says that if you're not a higher rate taxpayer and employer doesn't pay in then there's not much point.

PasturesNew

wary wrote: »

Hope you like cold beans?!?

I do Beans are a staple of my diet, usually nuked... but I do love a spoon of cold beans just before I pop them into the microwave..... and/or as a salad item.

wary

PasturesNew wrote: »

I do Beans are a staple of my diet, usually nuked... but I do love a spoon of cold beans just before I pop them into the microwave..... and/or as a salad item.

Excellent! So you'll be living your retirement in style. I mean how many of us can afford to have our own Jacuzzi ...

System

Start with your current income and decide what, if anything, you could bear to do without. Then add in the extra things you want to do now that you will have the time.