Financial expert Martin Lewis shares a simple age-based equation to assess pension contribution adequacy, emphasizing the benefit of early starting.

Martin Lewis, a financial expert, has shared a simple equation using a person's age to assess if their pension contributions are sufficient for a robust retirement fund. On his podcast, he stated that the equation, while not particularly accurate, can help listeners understand that starting early is beneficial. The equation involves taking half of a person's age when they start contributing to their pension and using that number as the percentage of their income to contribute to their pension.

July 06, 2024
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