I joined my current company too late for Final Salary pension , so ended up with some money plan version. I initially thought I could retire @ 50, if I worked hard & earned a good salary
Anyway rules have now changed & 55 is earliest , but looking at my latest pension statement I think I'll be working for life
Retiring at 63, with pension rising at normal rate - 12% of salary !!!
Retiring at 63, with pension rising at 2% above normal rate - 18% of salary
Retiring at 63, with pension rising at 4% above normal rate - 24% of salary !!!
Anyone out there with a final salary pension, you don't realise how bloody lucky your are
