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Work Pension Looks Crap - FriendsLife
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Thank you for your patience!
I'm intending to up my pension from 5% to 20% hence my panic regarding the growth rates, I didn't want to make the mistake of paying into something that wasn't looking good, instead of paying off my mortgage 10 years early!
I've done some compounding sums (I do love an excel spreadsheet!!) and even a modest 5% growth with upped pension from this year will bring in an OK pension for me.
Don't forget that inflation will affect what an OK pension will buy in 15/20 years time.0 -
Don't forget that inflation will affect what an OK pension will buy in 15/20 years time.
Yep, I use the pension calculator from Money advice and they build in a 2% inflation to factor into their sums.2024 Challenges- Grocery Budget (January £0/£300)
- Decluttering (Underway!)
- Frugal Living (January £0/£500
- 24 in 2024 (0/24)
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