Out of my depth, getting sorted for retirement.

justme111

They are going to give plenty of notice for changes , I do not think when you will be 60 they will give just 8 years notice so any changes will not affect those that are close to retirement. I suppose there is nothing wrong with wanting to have a room for maneuver - early retirement or more spending in retirement or just being more relaxed at work with less pressure on you. So I do not mean you should not make provisions for additional retirement. It's just that with a budget of 14 k INCLUDING rent now I do not see much point in aiming at 17 k WITHOUT rent PLUS work pension at 68. Here on this board contributing to additional pensions seems like a universal advice with no regard to particular circumstances. It would be shame if you went through unnecessary hardship now I think. A lot of contributors here are highly paid ones that would see their lifestyle drop like a stone if they retire on SP so for them pension provisions are vital. For people on a lower wage with mortgage and children it is not so because their disposable income after servicing the expenses which are not going to be there at retirement is not far from or even lower than SP.
Assuming after taking all of the above into account you decided to make additional £100 a month contribution to a pension and you have emergency savings you may invest that money into a fund that includes different geographies and assets ( I think it is called multi asset fund) under either ISA or pension category. I would not add it to NEST investment. Good luck with your house purchase!

tori.k

Thank you justme