We’re often told to save more for retirement, but have you ever stopped to think about how your pension pot compares to your peers? Is your pension wealth keeping up with the Jones’s?
According to the ONS, the median average UK pension pot is £32,700, yet this varies significantly depending on age and pension type. For 25 to 34-year-olds, it’s £9,300, but for 55 to 64-year ...
If you lived beyond this, your pot would be exhausted by the time you reach 88. The tables below show how retirement age affects the required size of pension pot. Waiting for your state pension ...