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Pension Calculator

Cinderbrook
Cinderbrook Posts: 175 Forumite
in Pensions, annuities & retirement planning
Hi, Can anyone point me in the direction of a pension calculator so I can see what I should be paying in now to receive X amount at retirement age please?

Comments

  • ffacoffipawb
    ffacoffipawb Posts: 3,593 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Cinderbrook wrote: »
    Hi, Can anyone point me in the direction of a pension calculator so I can see what I should be paying in now to receive X amount at retirement age please?

    This one's very good .....

    http://www.h-l.co.uk/pensions_and_retirement/interactive_calculators.hl
  • Cinderbrook
    Cinderbrook Posts: 175 Forumite
    Thanks, you're right. Very good to use but also alarming at what I need to pay in.
    Best wishes,
    Cinderbrook
  • dunstonh
    dunstonh Posts: 120,128 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Well, if you think about it, you are going to live around 30 years in retirement and those starting retirement provision in their 30s are only going to have around 30 years of putting money aside. So, if you put away £100pm you shouldnt be surprised if you are only going to get back £150pm in real terms.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
This discussion has been closed.
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