The Money Advice Service pension calculator is a great place to start when thinking about how much you should save into your pension. It:
- works out how much someone on your salary might want to retire on
- calculates how much you’re paying and how much you’ve saved
- considers how much state pension you’ll receive
- identifies any shortfall between the income you want and what you’ll get
You can also see what difference it would make if you increase the amount you pay in, change your retirement age or change your target income.