Universal state pension equal to £200k private pot

Its analysis found a 65-year-old man would need £122,000 saved up to buy a £140 per week or £7,280 a year conventional annuity, whilst a woman of the same age would need £131,000. For inflation-linked annuities, the same man would need a £195,000 fund, and the woman would need £217,000. The current basic state pension is £97.65 per week, or £5,077.8 per year. For a flat-rate annuity, a 65-year-old man would need a private pension pot of roughly £120,000 to match this income. "Private pension savers need funds of up to £217,000 to match the universal state pension but they now know ...