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What ChimpMaster said, I pity the fool with the amount of disposable income most contractors have, how's only plan for retirement is pension. Other forms of investment like BTL can start working for you today, rather than stand and helplessly watch your pension pot melt away in real terms locked out of your reach. Not to mention the political uncertainty and the fact that income tax in 10 yars migth be much higher than today, but YMMV.
Sorry - I'd assumed that when you referenced being on £90k perm (as the OP is talking about) and wanting to retire on an income of £42k, you were talking about what you could do from the £90k perm salary.
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