Martin Lewis reveals trick to work out how much cash to save if you don't have a pension yet

Click to read the article in full.  

On the first Martin Lewis Money Show pension special ever, the finance guru shared the stark reality of saving for your pension.

Martin explained this was the first pension special show in nine years of his show - due to its new live format.

In the opening minutes he explained that in order to end up with two thirds of your final salary each year in retirement you need to save the same percentage as half of the age you were when you started saving.

So if you start saving into a pension pot at 30, you'd need to save 15 per cent of your salary for the rest of your life.

He said while it may feel like "there is absolutely no way" you could afford that, the real message is "the earlier you start contributing, the less of your salary you have to put in".

He went on

We are sharing news for link source - Leicester Mercury

All images and copyright remains with news source


Continue reading this article at the original source Here