Starting new job, coming out of local auth. pension scheme. Help !

JHR_2

Hi folks,

I'm hoping someone can give me a hand here as my head is spinning. I am looking at changing jobs from my current local authority employer of which I am a member of their final salary pension scheme.

I have been paying into the scheme since I was 22, I am now 26 but will obviously have to sort out my own pension plan from here on in.

Question is how the hell do I go about it ? Theres so much to take in I'm just looking for somewhere easy to start

Essentially some figures would be handy, how much should I be looking to pay in if my new job pays 25k gross ? What returns would I be looking at when I retire ?

Sorry for the lame opening question. My heads still spinning at the moment ....

Cheers,

- J

purch

You could use this Online Calculator to start your research;

http://www.h-l.co.uk/pensions_and_retirement/pension_calculator.hl

It's not perfect but can give you a rough idea of how much you might need to put aside to obtain a pension equivalent to an amount.