Pension Pot

[dickie davies]

What is regarded as a decent pension pot ?

At what age do you plan to retire and what income per year do you want to achieve?

 

[ganganvince]

Pot has lost 4 percent over the last few weeks given all the crap going about i have moved 1 more into cash to protect it (simply move my predicted retirement age online to within 12 months)

 

[andyhinch]

Pot has lost 4 percent over the last few weeks given all the crap going about i have moved 1 more into cash to protect it (simply move my predicted retirement age online to within 12 months)

I just view it as a long term thing, got no plans to use it in the near future.

 

[Deleted member 77198]

Depends how long I’ll live for

 

[Millwallawayveteran1988]

Depends on retirement age and income requirement really.

 

[sky tot]

How can you view your pension pot ? I get a yearly statement and that’s it . Next statement isn’t due till June

 

[hampshireblue]

I've been in drawdown for 5 years. My pot still has more in than when I started. Reducing fees is crucial as is forecasting what income you think you'll need. Whatever you think you need, add 30% and if you don't spend it stick it in an ISA. Also if you're not over the Life Time Allowance, don't forget to put £2800 in at the start of each tax year to get your free 25% added by HMG that you can withdraw.

 

[denislawsbackheel]

And don’t forget even non tax payers can use the £2800 ruse.
My Mrs has used it every year since it became possible.

 

[ganganvince]

I just view it as a long term thing, got no plans to use it in the near future.

Mine is probably going to be needed sooner than yours semi retired last year plan on fully retiring next.

 

[RobMCFC]

I'm aiming for a total of around £350K in the next 8-10 years.

Currently got about £200K.

I never put too much in because you've always got to have one eye on the here and now and balance this against the chance that you might not make it!