How much have you got saved in private pension right now?

This is a common question. You’ll get answers between 30 and £1 million and 60 and nothing. How much should you save? Ideally as much as you can spare, from a tax perspective it’s a good savings method. Realistically at your age aim for around 15%. Also look at where it’s invested. The default options are normally very safe, meaning poor returns. At your age you can afford to play the long term numbers game and take a bit more risk of short term losses.