Originally Posted by
CASBO
People reliably underestimate the effect of compound interest. Consider an extra £10k in your pension at 30 will be £100k at 65. Every £10k banked at 30 is a year you don’t have to work, or a few where you can be part time. The quicker you can get the captain pension coming in, the more flexibility you have down the line.
One can debate SH v LH, but everyone likes a day off.
Hold on. You need to calculate the difference, not the absolute. Then consider inflation.
Your 10 k are 39k with net 4% / annum after inflation. If you start 5 years later the 10 k become 32 k. That is a difference of 7k.
On a side note, in my compamy SH and LH pay is about the same.