วันเสาร์, สิงหาคม 13, 2022
หน้าแรกBusinessPausing pension contributions for a yr ‘may dent retirement pot by thousands’

Pausing pension contributions for a yr ‘may dent retirement pot by thousands’

People today who pause their workplace pension contributions for just a 12 months owing to value-of-residing pressures may well end up thousands of kilos worse off in retirement than if they had ongoing spending in, calculations propose.

Anyone who began operating with a income of £25,000 for each 12 months and paid out the minimum contributions from the age of 22 could close up with virtually £457,000 in retirement, pensions supplier Common Existence calculated.

But if they paused at the age of 35 for just a single yr, they could finish up with just around £444,000 by the age of 68 – just about £13,000 considerably less than if they had continued to spend in.

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