Additional payment makes big difference

Analysis carried out for the JPMorgan Fleming Pension Map of Britain 2002 reveals that by adding an extra one-off payment of £1,000 into a pension, the number of people expecting a pension income equal to 50% or more of their final salary would be dramatically increased. Based on current pension provision, the number of working men in the UK that can expect a pension income equal to 50% or more of their final salary is just 29%, the research found. However, if each working male made a further £1,000 gross contribution into a pension plan, including tax relief, ' effectively £780 before...