Ultimately, a “good” pension pot is one that is going to provide you with the retirement you want. According to the Pensions and Lifetime Savings Association, a trade body, ...

High net worth-individuals in the UK are underestimating how much money they need for the retirement they envisage, the ...

Savers have been warned that they are "significantly understimating" how much they will need in their pension pot in order to ...

Overall average. According to data from PensionBee, the average UK pension pot was worth £20,077 as of May 2024.. However, some individuals hold multiple pension pots, so the combined value of ...

Any pot worth less than £10,000 is classified as a “small pot pension”. Different rules apply to pots of this size, and the money held in them can often be withdrawn in a more tax-efficient way.

Pension policymakers need to “finish the job” and create a pension system that allows people to enjoy a financially secure ...

Analysis by Quilter Cheviot for MoneyWeek shows that a pension pot of £250,000 could provide a 65-year-old in good health with an annual income of £16,258 based on typical rates of 6.5%.

Charalambous says “somewhere between €400,000 and €600,000 is a suitable pension pot for most individuals”.

Move represents another kicking down the road of measure necessary to address a looming pension crisis. ... a person earning €40,000 would have €5,600 a year contributed to their pension pot.

What Rachel Reeves’ pensions revamp means for your retirement pot - and will you really see £6,000 more? There will be economic benefits to grouping pension pools together - but more risky ...