Sam Smith

“which he has now combined into one £200,000 pot.”

“earning £16,000 a year.”

“I only made contributions of £100 a month to the stakeholder pension.”

“added money to his stakeholder pension for more than 20 years and its value is now around £60,000.”

“via the business, he typically took a salary and dividends totalling £100,000 annually.”

“My mortgage is £2,100 a month”

“before tax and pension deductions, earns £145,000 a year.”

“He adds 6 per cent of his monthly pay to his workplace pension, while his employer contributes 15 per cent.”

“After less than a year, his pension pot with the business is £24,000.”

“the mandated projections place this pension pot as being worth between £430,000 to £780,000 at state retirement age, in 18 years.”

“The 12 pensions I consolidated with Penny are worth around £200,000 in total”

“Taken together, my estimate is that I will be within touching distance of £1m in pensions at retirement age”

“Even £20 a month extra would have helped”