Wednesday, February 07, 2024

"Income needed to retire jumps..."

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So you need now a #pension income of £31k if single & £43k per year if couple, for a "moderate" retirement (e.g go out for a family meal once a month?). How many will get this this much?

Remember this is "net of income tax" and does not include housing costs (since we will all have paid off our mortgages by then...yeah. How many will still be renting or paying off mortgages in their retirement).

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