39 yrs old in july had a pension since 18 but i can't seem to get any sense on what the best amount of cash to put away for a pension is.?
I moved to this job nearly 7 yrs ago and bought into the company pension scheme on the Railway i put £30k into it which bought me approx 6.5yrs.
No offence here " The old timers" who are at 58-60 don't like to talk much about there pensions but do say what i pay is a lot however i don't think it is.
Currently pay £510.00 every 4 weeks into the pension that is £210.00 into railway pension and £300.00 avc called Brass 2.
So guys what do you recomend leave it as it is till 60 and see how it is or pay more as a lump sum every year as and when i can afford it to avc, at maximum at the moment with company but can pay lump sums.
Retirement age on the goverment web site says 67! however ideally 60-62 would be better if not before that!
Any advice welcome thanks Tony.
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