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The Independent UK
The Independent UK
Lifestyle
Lucy Leeson

DARK SECRETS: Martin lewis explains rule of thumb for pension saving | Vintage Vibes

  • Financial expert Martin Lewis shared his pension “rule of thumb” during a special episode of The Martin Lewis Money Show.
  • The guideline advises individuals to take the age at which they begin saving for a pension and halve it.
  • This halved number represents the percentage of one's income that should be consistently contributed to a pension for a decent retirement.
  • For example, if someone starts saving at age 30, they should aim to contribute 15 per cent of their income.
  • Lewis emphasised that starting to save for a pension earlier will lead to a more financially secure retirement.

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