> a relatively senior teacher, looks like she'll get an annual pension of ~£20,000 if she retires at 60, which is probably equivalent to a private annuity of £

> a relatively senior teacher, looks like she'll get an annual pension of ~£20,000 if she retires at 60, which is probably equivalent to a private annuity of £500,000. There is the problem. I've had a 8% pension in the programming sector since I was 20, my projections are for £300,000 by age 67 and £10,000 retirement income. Teachers get 12 weeks off a year and to retire 7 years earlier on double the pension. Personally, I'm retraining to be a teacher. Pension calculators from the likes of legal and general show that you need vast pension contributions to match public sector employees. To match a teacher it recommended I made a 15% contribution, is any private sector company offering that? http://www.legalandgeneral.com/calculators/contributionCalc-6.jsp http://www.legalandgeneral.com/calculators/contributionCalc-...