Martin Lewis explains ‘rule of thumb’ for pension saving

• Financial expert Martin Lewis shared his pension “rule of thumb” during a special episode of The Martin Lewis Money Show.
• The guideline advises individuals to take the age at which they begin saving for a pension and halve it.
• This halved number represents the percentage of one's income that should be consistently contributed to a pension for a decent retirement.
• For example, if someone starts saving at age 30, they should aim to contribute 15 per cent of their income.
• Lewis emphasised that starting to save for a pension earlier will lead to a more financially secure retirement.

IN FULL

Martin Lewis sets out simple pension formula for retirement saving