00:00I want to start this question actually it's coming from Darryl okay now Darryl's asking
00:03is there a good rule of thumb to pay into pensions whilst I want to put more into my pension
00:08I don't want it to impact my quality of life in the here and now is doing 15% contributions
00:13to
00:14someone in my mid-30s enough wow I think you're doing really well panel yeah yeah I mean way more
00:20than most people let me give you the rule of thumb that scares the pants off everybody take
00:25the age when you start putting into your pension so in your case we'll say 30 halve it that's 15
00:32that's how much of your income you want going in the rest of your life for a decent retirement very
00:37few people ever get there the real reason for using that rule of thumb is to indicate the earlier you
00:42start the better a retirement that you're going to have of course you'll also get the state pension
00:48depending on your national insurance contributions and when you retire age 66 or 67 but tonight we're
00:53focused on private pensions
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