How much do you save?

DartfordKit

42 yrs old
- 14% of gross into pension via salary sacrifice (employer contributing 11%)
- 20% of net to monthly mortgage overpayment
- 30% of net to other savings/investments (ISAs, PBs)

Snapdragon

Mortgage is paid off so don't have major outgoings, council tax is the worst. So I salary sacrifice into my pension, up to full annual allowance, then 85% of take home goes to savings & investments. I use the full annual allowance for S&S ISA and rest into several regular savers.  

Stubod

When we were both working full time our priority was to pay off the mortgage, once that was done we tried to save 1 salary. We both earned about the same so it was about 50% of our net income.

HCIMbtw

34, currently save about 12% of gross pay, about 23% going into pension, used to be about 15% until very recently. Should be able to get the savings up a bit more once my partners maternity leave is over. The difference used to be much more highly skewed towards saving when I had a wedding and house to save for. 

sk2402005

Depends on what aspects your considering as saving:-

Mortgage is saving in a way - 15%

Pension - 30% (standard payment, additional contribution + work contribution)

general monthly spending inc bills etc - 35%

cash left for saving in ISA etc leaves me about 20%

so I'm saving 65% of my earnings depending how you look at it!

bostonerimus

Well, I'm pleasantly surprised at the high level of saving. However, I think it really only proves that people who contribute to financial forums are the ones who prioritize saving and investing.

Cus

16% goes to pension using employer match. Don't save officially otherwise, just what ever is left over monthly, maybe 5-10% on average.   Annual bonus is usually used for savings also.

Dh6

I’m 34 and save around 45% of net income. 

16% LISA
53% S+S ISA
31% SIPP

Scottex99

Not sure it's worth me commenting as dont have any clue of %s and also a massive outlier in terms of what I do, but should be interesting to some, none the less.

38, worked in banking for 10 years with 0 ambition, perhaps contributed slightly over minimum to pension but was never on more than 25k a year anyway.

Left UK (Edinburgh) for South Spain approx 7 years ago to teach English on peanuts, about €900 a month.

Got back into Finance in Gibraltar. Found Crypto. Now have a semi fat stash of coins and make £10-20k most months in my job depending on comms. Haven't paid any pension since I left the UK, just dumbly accumulating money in my Current Account until that amount is bigger than my mortgage, which will happen this year. After that, not sure. 

Oh and I buy a couple of K of BTC/ETH and a few alts every month too  

ad1927

FirstTimeSolo said:

For more relevant numbers, my salary is approx £80k + bonus. I have not included bonus in the % savings monthly. 

Savings during 'normal times' when travelling to work, holidays, going to restaurants, shopping etc. - approx 35% + 6-8% pension
Savings during lockdown - over 50% (lost track - but higher than 50%)
Savings now (Still wfh in London) - closer to 50% 

I am on a good wage - £44k pa plus bonus (10% annually).

I have one kid, a mortgage that is around £600 pm.  I am putting 10% of my salary into my pension which my superb employer matches so around £9k a year into my pension.

My savings - 10% pension
£200 pm sharesave scheme
then I have put in £12000 into my savings account in the last 10 months; interest rate was at 1.2%  for the first six months, but lowered to 0.65%.  So, in the last year, of my 44,000 wage, I have

£4,800   - My pension contributions
£4,800   - Employer pension contributions
£2,400   - Sharesave scheme (shares currently valued at about £4,500 after one year)
£12,000 - Savings

- So I am currently saving 55% of my salary - but that includes my employer's contribution to my salary.

Savings wise, I currently have enough money to live on for 3 years if I suddenly have no income (just spending on basics).  My only outstanding debt is my mortgage where I have just decreased the term from 20 years to 17.5 years remaining.

But, now that I am at that level, I think the next year or two will see me increase my spending on improving my house.  Maybe my savings in the next 12 months will be closer to 30% (pension and sharesave).