Pension pot: What is the average UK pension pot worth? | Personal Finance | Finance

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This is due to a number of factors, including having paid off the mortgage, are no longer bringing up dependents and won’t face the same costs of commuting as a retiree.

It is helpful to think of your overall pension in the form of building blocks.

First, the State Pension, then your private or workplace pension, and then followed by any other additional income you could get, from investments or property.

Once you reach State Pension age, currently 66 for men and women, the Government will provide a sizeable amount of your retirement money.




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