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, ...

He agreed that it was a good decision to push back the introduction of the new two-pot pension system, which will now take effect from 1 March 2024, as opposed to 1 March 2023. The move was not a ...

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 Different rules apply to pots of this size, and the money held in them can often be withdrawn in a more tax-efficient way.

The average lost pot is worth £9,470, and finding one isn’t always straightforward. However, our recent news story on searching for lost pensions can help you track down your retirement savings. 4.

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”.

If you’re looking to give your pension a lift, small changes can make a big difference over time. An analysis by Interactive Investor found a few practical tweaks could increase the pension pot of an ...

Autumn Statement: Pension 'pot for life' - what it means for millions of employees and employers. By Scott Reid. Comment. Published 22nd Nov 2023, 14:24 BST. Updated 22nd Nov 2023, 14:48 BST.