Into the home straight

Hands up those of you who know what your pension is likely to be when you reach retirement? Now, how many of you know what you'll actually get after you've taken your maximum tax-free cash sum, catered for some form of widow or spouse benefit and allowed for regular increases to cover inflation so that it grows in value each year? Thought so - not many of you. If we, the financial experts, have difficulty trying to fathom what our own pension contributions should be to provide a reasonable level of income in retirement, then it is no surprise that most of our clients don't have the foggie...