What % of salary do you put in your pension per month and why?

Albermarle

Macsidia said:

Total of 8% in the NEST scheme. It's absolutely garbage but it's better than nothing.

NEST may not be the best pension provider around, but in reality for most people it does the job adequately.
In any case the pension provider is a lot less important than
1) The performance of the investments within the pension, which is largely driven by the financial markets.
2) How much you are adding each month.

penners324

Currently 10% and employer 3%. Just moved to Salary Sacrifice as well. In Nest higher risk fund

Linton

atari_st said:

I am 51 and have been putting in 12% in my company personal pension (plus %8 employer) for a while. Today I increased my payments to 18% with salary sacrifice to help reduce tax.

What % are you saving and why? 

Not paying into a pension now but when I was working many years ago, I paid in 15% and the company 10%.  The reason was I planned to retire at 55 but at that time (if I remember correctly)  personal contributions to employer pension schemes were limited to 15%.

Rich1976

Work scheme is 8% maximum including employer contributions. 

I pay £125 gross a month extra into my own Sipp most months on top of this 

D924

Zero contributions from me. Don't see the point of it at all at my age.

You are just buying more time not working at the end of your life in exchange for time spent working during your prime. It's quantity over quality and in my opinion a poor trade.

thegentleway

I pay 9.8% and employer pays 21.6% for first 41k in University DB scheme. The rest is 9.8% DC with no employer contribution. I try to salary sacrifice more as higher rate tax payer. 

Linton

D924 said:

Zero contributions from me. Don't see the point of it at all at my age.

You are just buying more time not working at the end of your life in exchange for time spent working during your prime. It's quantity over quality and in my opinion a poor trade.

You call living on £10500/year State Pension for on average 20 years "Quality"? 

kuratowski

At the moment, to gain the maximum available employer match, a total of 16% is paid into my pension through salary sacrifice.

I used to pay more.  Looking back, the highest % reached was 28%.  However, lately I've been diverting the extra contributions into ISA/GIA for liquidity, to help bridge the gap between my likely retirement age approx ~52, and pension access age 57.  Will need to look at things again after I've finished settling my Dad's estate because, that will be a large amount of cash I wasn't expecting.

L9XSS

About 30% of my salary goes into employer pension & SIPP in total. As im 56 I’m adding as much as possible now that my mortgage has ended and I have a plan for retirement and what I want to achieve in terms of “income” in retirement. Might sound odd but my income from 62 years of age is forecasted to be double what my income is now. I’m happy to be frugal now to be able to achieve a comfortable income and stop work in 6 years time.

ZeroSum

D924 said:

Zero contributions from me. Don't see the point of it at all at my age.

You are just buying more time not working at the end of your life in exchange for time spent working during your prime. It's quantity over quality and in my opinion a poor trade.

And what's your age?

You do realise you're turning down free money