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Hi,

I want to get advice on how much I should be putting into my pension, and how much to be putting elsewhere.

 

My monthly pay is £1700. 5% of that automatically goes into my pension. My employer then matches what I put in, up to 5%. So I am left with ~£1600 to take home, and £170 goes into my pension.

 

My monthly expenses are around £200 (I am not paying rent currently and my travel expenses get covered by my work).

 

This leaves £1500. Out of those, I currently place £200 in a Help-To-Buy ISA.

 

This leaves £1300 unattended.

 

What do I do with this money? Should I put more into my pension -- how much? I want to start investing some of it, perhaps in an index tracker (but I still need to do a lot of research).

Thanks in advance.



Submitted February 13, 2017 at 07:19AM by _personal_finance_ http://ift.tt/2lGoEFj

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