How much do you put in your pension?

[css_jay99]

At my age I am still not clued up enough about private pensions.

There is a lot of talk about how much to put in to guarantee a level of income at retirement.

Is that assumption not linked to a steady growth?

Given the last 2 economic dips, why do we still put much faith in pensions?.

[Cirrus]

Given the last 2 economic dips, why do we still put much faith in pensions?.

The general argument is if financial instruments do not outpace inflation then the whole Capitalist System collapses. The same principle does not apply to commodities eg houses which do not in general represent a good return - ignoring the last few decades.

[Fred Bloggs]

At my age I am still not clued up enough about private pensions.

There is a lot of talk about how much to put in to guarantee a level of income at retirement.

Is that assumption not linked to a steady growth?

Given the last 2 economic dips, why do we still put much faith in pensions?.

Fill your boots today, ready for the bounce.

[northernladuk]

Not the best day to be asking this TBH

[WTFH]

Well, the pension pot will be going up by £5 per person per week now that we are £350million a week better off and they aren't going to spend it on the NHS, so they must be going to give it to the citizens.

[css_jay99]

The general argument is if financial instruments do not outpace inflation then the whole Capitalist System collapses. The same principle does not apply to commodities eg houses which do not in general represent a good return - ignoring the last few decades.

Hence everything should continue to be OK because the government will step in to prevent such a collapse?.

Comming back to tangible asset investment, Surely a rental income on 2 or 3 properties (assuming off course of no rental mishaps) should equate to decent alternative to a pension or am I completely wrong?. I was thinking of heading down the property route ...... not so much for property value but that rental income is always stable even at times of economic crisis

[missinggreenfields]

Fill your boots today, ready for the bounce.

This.

I put a lump sum in this morning. My IFA says he's had a busy day so far

[dx4100]

This.

I put a lump sum in this morning. My IFA says he's had a busy day so far

Back the wrong pots and you will lose the lot... Its not all gravy...

[lukemg]

I put in a steady 40k/yr from the company into a SIPP and another 15k into a Shares ISA.
I don't differentiate equity in the house from other investments but I wouldn't rely just on this because it is not diversified enough and too illiquid. For that reason I would rather invest when I can easily get twice the return than tie it into the house, I don't care if I never pay it off.
You are looking for 25x your annual expenses to be covered (FI) or 20x if you don't want to leave anything behind. From that point work is optional or just to top up the pot (beware one more year syndrome).
Trust me, getting into that position feels better than buying any item you think you need to own. By all means smell the roses as well, experiences are worth the expense but make sure you buy your future freedom first....

[northernladuk]

I put in a steady 40k/yr from the company into a SIPP and another 15k into a Shares ISA.
..

Holy crap. How long have you been doing that and how long do you intend to do it. There is a line somewhere about living comfortably and being the richest man in the graveyard isn't there?