Add pension contributions and employer matches if pensions are a factor in your plan. Gross them up to account for tax relief. Don’t add investment income and gains. These are accounted for in the return assum
000 per annum to invest, as the government top-up of £1,000 is equivalent to the tax rebate on pension contributions but at age 60 (or when buying a first residential home with a mortgage) the full investment can be withdrawn with no further tax to pay....
The differences are horrendous. Delay for 10 years and you must save at over twice the rate. Wait 20 years and you’re looking at saving more than five times the amount of a 20-year old. Make your child a millionaire:If you’re expecting kids any time soon, you could make your child...