Easy maths to ensure you put enough into your pension

If you start your pension aged 30, save 15% of your income; if you start at 50, save 25%, advises a leading financial services provider

Our guest expert explains the “Rule of 72”, which tells you how long it will take for the amount of money you save to double.

If you are a 40% taxpayer and put €10,000 into a pension, the tax saving is like the State putting €4,000 into your pension, writes Gabriel McCarthy, managing director, MCG Financial Services.

Pensions 'Half your age' savings guide: If you’re 30 years old when you start saving for retirement, save 15% of your income each year; if you are 50, save 25% of your income each year.