| Title | : | How much should you have in your pension? - Average UK pension pots by age |
| Lasting | : | 12.04 |
| Date of publication | : | |
| Views | : | 49 rb |
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What utter rubbish! Get yourself a JOB! Comment from : @firefight5864 |
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How odd Damien, I've listened to your podcast for quite some time and had a totally different picture of you in my mind You certainly look younger than you sound - I'm really not sure if that's a compliment or insult !! Meant as a compliment - anyway, keep up the good work educating us all Comment from : @pauldavidthomasfrodo |
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Great video but I have read much lower figures for the average amount in a UK pension pot Comment from : @neil4817 |
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I’m with Scottish windows through my employer and cannot find a simple ETF tracker similar to Vanguards World tracker… Can anyone help?? Comment from : @oliverdesvaux |
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46???? Whats your secret?????? You’re older than me?? No way you look 34 alright wow Comment from : @holisticallyme556 |
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Is the average pension pot an average of people who actually have a private pension or an average of the total population? A big difference About 21 of people have no private pension at all Comment from : @wernesgruder1 |
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Does the average person include people who work for the state and therefore have very reasonable pensions but wont have indicative pension pots because it based on final salary or average salary? There will be people who have a mix of state and private jobs so there pot might be small for their age but there total pensions might be significantly higher The best rule is work on £5,000pa per £100,000 pot So if you want an pension of £50k you are going to need £1m Comment from : @olsta1046 |
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stumbled across this when i was doing some research apparently it says that someone of my age (23) has £2900 in their pension, which is surprising Comment from : @connorwright2885 |
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Great video but the £31k is so out of reality the uk average earnings is only aroung £33k plus the majority will have a home with no mortgage Yes you may want more holidays but still i think a single person could live moderately on around £26k before tax so with need £14 from a private pension Comment from : @hometechUK |
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Good luck to everyone who are plannign to retire at 66 years - you basically don't have any healthy years left to enjoy your retirement Comment from : @j99btc |
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You're the youngest 46 year old I've ever seen Comment from : @williamcroson9102 |
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Am a 56 year old baker have been for 40 years ,i don't earn 31k now so why will i need more when i own my own home ,i started saving when i was 21 and if not for covid my pot would be near 400k well maybe,its now at 320k but if a pandemic happen again my 320k could become 250k or less ,so what all the experts are saying is bullshit ,they did not go bust in hard times still made money ,and all them pension pots they look after lost they still take there fees ,so get to 55 and spend and enjoy before all try to take from you Comment from : @paulgraves9542 |
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I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them We can get by, but can't seem to get ahead My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for Comment from : @EliaszPass |
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They will have to introduce UBI or somethings like that We are in the age of AI - AGI - Quantum computing - Automation and Humanoid Robotics the Job Market will never be the same Part Time work with UBI with even white collar jobs being phased away or part phased away Comment from : @imrang6055 |
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If you have a state pension your pension pot is zero Wouldn’t be allowed in a private pension ! Comment from : @cobbler40 |
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So a pensions company publishes some "research" to tell us we should really be giving them more money to look after for many years, and harvests some personal data to boot Project fear strikes again Comment from : @elephantandcastle838 |
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I think it's best to ignore state pension There is no guarantee we'll still get it in 30 years time Rather be conservative save enough to draw down 31k per annum in today's term Comment from : @dustinyarma7791 |
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I can't afford any kind of pension 😂 Comment from : @Bladerunner8345 |
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one question, if your spouse is older than you, should you prioritise putting more into there pension rather than your own? Comment from : @minimad8793 |
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You may need £31k when you retire but you won’t when you’re 80 Comment from : @paulwilliams4990 |
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Makes me feel ahead of the curve as I’m 53 with a pot of 750k Comment from : @mwscuba |
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"How much should you have in your pension?" - as little as possible given the government is now going to take 40 of it Comment from : @CaldonianDude |
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I'm 35 and have £100k in my pension It's nice to know I'm on track Comment from : @clarkeysam |
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I think a rule of thumb based on your salary is more useful 1x salary by X years old 2x salary by Y years old Etc Comment from : @clarkeysam |
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Don't save a pennywhen you get put in a dementia home the government paysif you have money, you paybrIdentical careyour choice Comment from : @BradLevangie |
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I’m 55 and tried the camera twice , it thought I was 46 and 50…so I’m made up , lol 👍😜🇮🇲😎 Comment from : @ManxAndy |
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mmm youve not taken into consideration the difference in regional costs i e dearer to live in the south than in the north , no mortgage costs ( ideally ) less transport costs (not going to work every day) youre figures vastly differently to the ones i got on my pension app Comment from : @fattyfoodeater |
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You literally didn't need the other dude He said like 6 words just overdub the camera bit 😂 Comment from : @seetherbridge3 |
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these are rookie numbers, to quote a film Comment from : @prometheus4130 |
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to be fair you don’t look 46 (send me a mug 😅) Comment from : @prometheus4130 |
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If you want a decent retirement and want to retire by 60, you really need at least 750k People grossly under estimate what is needed Comment from : @wakeywarrior |
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Really interesting As a teacher, I will get a DB pension so the pension pot idea is hard to apply It tells me how much I will get each year, but this is index linked to CPI Should I just multiply this by, say, 25 or 30, to get an approximate like for like? Comment from : @roblowry9457 |
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Why don’t you just tell it your agebrBetter still, just publish a list of average by year Comment from : @galaxianx01 |
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This should be part of the school curriculum, so should taxationbut I wonder why it isn't 🤔 Comment from : @rowanjohnstone9524 |
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totes agree, the bar is very low for personal pensions SO many peeps have no clue and do bugger all savings It is tempered that most have very little to spare Comment from : @snubbii9276 |
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App suggested 45 but I'm nearly 61, so was worth it just for that :-) Comment from : @AndrewDCDrummond |
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Hello Damien brilliant video the best one I’ve seen on you- tube and I’ve watched a few, it’s hard to predict the future with wars,governments messing in budgets and financial crashes I’ve a small pension annuity paying £5150 with 100 cover for the wife, we’ve both a pension pot mine being £116,000 not much by your figures but putting £1772 a month into the pension pot with three years to go to state pension, I’m lost what to do annuity or draw down or have to carry on working 😢 Comment from : @markswales762 |
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So the app records your IP address, has a photograph of you, and learns your age I think we're far too loose with surrendering our data to "fun apps" like this Be careful Comment from : @luckymeat3050 |
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Great video, didn’t know about this Scottish widows site Perhaps they will adapt it later on to show what you should have saved, but probably not, for many they may just bury their head in the sand if a decent retirement seems unaffordable Comment from : @JamesKerr-z4o |
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Average is a lot different to the median, of course The median person will have much less Comment from : @johnristheanswer |
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I bought some magic beans with my life savings - unfortunately the Giant at the end of the Beanstalk was a fugal minimalist and had all his money invested in a Global Index Fund! Comment from : @christiansoldier1118 |
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Good video, one point to consider is that the plsa figures are after tax and exclude housing(as they assume you have paid off your mortgage) Comment from : @chqshaitan1 |
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Most people have more than 1 pension pot as they move jobs and don't consolidate their pots Comment from : @Steve56005 |
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