B
Pointless exercise in my opinion. The absolute amount will depend so much on personal circumstances that it will be meaningless to generalise from it. Better to look at your own overall financial situation, how much you can afford to contribute and what your target pension lump sum/income target might be and then make decisions appropriate to your own specific circumstances rather than looking at what others are doing.would love to hear what is the average contribution? thanks
I'm also skeptical about such rules of thumb to be honest.Some rough rules of thumb are:
You'll need a pension of somewhere between half & 2/3rds your final salary.
Pension contributions = half your age as a % of salary. (roughly 10% in your twenties, 15% in your thirties etc.).
As has been said, depends on your specific circumstances and needs.
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