Derbyshire wanderer
LIFE MEMBER
What I meant was that having a pension and paying in as much as you can does not guarantee an early retirement. The LA pension comment was a generalisation of any final salary type pension where luck does come into it regarding the scheme offered.Not lucky i.m.o. . . I simply planned to retire @ 55 when I was 18 & never had L.A. employment, but did invest in my future with pensions
I'm my case I had to be 24 before I could join and it and all subsequent schemes have never been final salary.
I did plan to retire at 60 but with no inflation it won't happen. It's the same old chestnut that 15% inflation would have been great for the pension but not the mortgage.
I am yet to meet someone who retired early from an average pay job that their only income was from an investment pension.