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<blockquote data-quote="Tarw Coch" data-source="post: 6692970" data-attributes="member: 1008"><p>Do you read your annual pension statement?</p><p>I started about the same time with £40 a month, that was altered after a few years when the tax rules changed to something like £36 a month plus the tax relief, keeping the overall input the same.</p><p>Last time I had my pension statement my fund would buy me a pension of something like £800 a year, which is next to bugger all. </p><p>Everyone’s opinion of what a decent pension income would be will vary but I reckon I’d need to have been paying in at least £800 a month to get a decent but modest pension to live on of £16,000 a year according to their figures.</p></blockquote><p></p>
[QUOTE="Tarw Coch, post: 6692970, member: 1008"] Do you read your annual pension statement? I started about the same time with £40 a month, that was altered after a few years when the tax rules changed to something like £36 a month plus the tax relief, keeping the overall input the same. Last time I had my pension statement my fund would buy me a pension of something like £800 a year, which is next to bugger all. Everyone’s opinion of what a decent pension income would be will vary but I reckon I’d need to have been paying in at least £800 a month to get a decent but modest pension to live on of £16,000 a year according to their figures. [/QUOTE]
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