HOW much should I save for RETIREMENT? / Is an 8% pension contribution enough?

HOW much SHOULD I save for RETIREMENT? Is contributing 8% of gross salary to a personal pension enough to build a retirement income? What factors are involved in building a pension and what we can and can't control? What to think about if your pension contributions are based on 'qualifying earnings'...

We take a look at the minimum pension contribution required under auto enrolment. Also what size pension pot could an 8% pension contribution build along with showing some examples using our cashflow modelling tool, the impact of higher contribution levels, of starting later etc.

Link to OECD Pensions at a Glance:

https://www.oecd.org/publications/oecd-pensions-at-a-glance-19991363.htm

Link to the Government Money Helper Website:

https://www.moneyhelper.org.uk/en#

Link to Government review of qualifying earnings:

https://www.gov.uk/government/publications/automatic-enrolment-review-of-the-earnings-trigger-and-qualifying-earnings-band-for-202223/review-of-the-automatic-enrolment-earnings-trigger-and-qualifying-earnings-band-for-202223-supporting-analysis