How much is enough?

A common rule of thumb is to aim for an income in retirement of around 70% of what you earn before you retire. That means building a large pot over many years.

• Work out what you spend today, and what you'll still spend when you're older (housing, food, health).
• Increase your contributions every time your income goes up.
• Avoid withdrawing your pension early when you change jobs. Moving it to a new scheme keeps it growing.

Don't let the size of the target stop you. Starting small today beats starting big in ten years.