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28 years old, how much should i be putting into my pension?

dtj1990 · 2018-07-03 13:33:02

Hi All, i am 28 with 2 children earning 30k PA (soon to go up) i have a meagre £3000 in my pension pot and i obviously would like to retire at some point in the distant future. What would be a starting point in terms of a monthly amount to put start putting into my pension pot? Any suggestions would be most welcome.

Comments

AnotherJoe Posts: 19,622 Forumite

4 July 2018 at 10:20AM

edinburgher wrote: »

It's considerably less because of tax relief?

Good point. It would cost the OP about 80% of that, about £370 and then knock off the employer 5% which is a third so in actual fact its about £250.

My bad but all good for the OP !

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