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Pension predictions

harry33 · 2016-08-09 14:03:31

Hi, i currently pay £85 pm and my employer pays £170 per month in to my pension. I have just increased it by £50 pm which was half my pay rise. If i increase this amount by £50 pm for the next 5 years any ideas on what my pension would be worth upon retirement of 60? Or the most accurate site for making pension…

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sandsy Posts: 1,753 Forumite

10 August 2016 at 11:11AM

Assuming the contributions quoted are gross, and go up by £50pm at intervals of 12 months for the next 5 years until total personal contributions reach £335pm, it would produce:

£386,452 at a constant 5%pa net of charges
£542,210 at a constant 7%pa net of charges

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Pension predictions

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