"The best performing pension could produce more than three times more pension income than the worst performing one. The really bad news is that your pension fund is more likely to be amongst the bad than the good" The Observer
How much should you be paying in to a pension arrangement to provide a financially secure retirement?
In the past many or most people investing in a pension scheme have decided upon their level of contribution (‘premium’) mostly or solely according to the amount of money they feel they can forego from current income.
This approach almost invariably leads to a completely inadequate income in retirement and a more methodological approach is required, starting from the amount of additional income an individual wants or needs to provide and then working that requirement back to a target contribution level. How can you get the answer?