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      12-25-2012, 03:37 PM   #25
peterg1965
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Quote:
Originally Posted by gangzoom View Post
I have no idea about pensions, but how do people manage to put 40K pa into a pension scheme, isn't that over 3K a month. Or does it work on the basis your empoyer has to match your contribution? Even than I'm barely managing 1/4 of that, better work hard than....at least I got over 30 years of work to look fowards to before retiring
If you are a higher rate tax payer, you need to put 2k/month into a pension to achieve 36k/year, higher rate tax relief tax makes up the rest.