Originally Posted by
avtur007
Most people, even well paid pilots will never save that amount so theres definitely going to be higher tax and lower returns in future. MTW
Not quite sure how you come to this conclusion on savings. I have managed to save a lot more than your example in my company DC scheme in 20 years and my pot is considerably smaller than many of my colleagues. The airline I work for is quite generous, but I have also worked on saving 20% of my income and living accordingly on the rest. 20% was appropriate for someone starting a pension at 40. (half of your age as a percentage is a good rule of thumb)
The second part of the sentence is more important. Even if you just tracked indices over the last 10 years the returns would have been good, going forward looks more uncertain and the possibility of malicious government taxation is worrying. The big trick is keeping the pot intact until retirement!