by Spigzy » Tue Feb 06, 2024 11:13 am
Hmm, how are you only adding voluntary contribs of £1.5k, and £160pa now to keep at that level? Going through the government website my past contributions from employer, etc was significant, but for me to catch up each year missed (being in Cambodia), but still eligible to catch up was way more than £160pa - closer to £1.8k. That said, the other unknown of course is the number of years until death; until an investment portfolio reaches a certain level & growth can outstrip my outgoings, then at least you know a state pension would keep ticking until you kick the bucket. I reckon by the time I retire the current outlook for my state pension £100/w, adjusted for inflation, plus private pensions + investments should be enough for a decent steak & a beer or two until the sun sets! That'll do pig, that'll do.
I shall have another dig on those figures, maybe I need your coffee for an extra boost
Hmm, how are you only adding voluntary contribs of £1.5k, and £160pa now to keep at that level? Going through the government website my past contributions from employer, etc was significant, but for me to catch up each year missed (being in Cambodia), but still eligible to catch up was way more than £160pa - closer to £1.8k. That said, the other unknown of course is the number of years until death; until an investment portfolio reaches a certain level & growth can outstrip my outgoings, then at least you know a state pension would keep ticking until you kick the bucket. I reckon by the time I retire the current outlook for my state pension £100/w, adjusted for inflation, plus private pensions + investments should be enough for a decent steak & a beer or two until the sun sets! That'll do pig, that'll do.
I shall have another dig on those figures, maybe I need your coffee for an extra boost :D