Wheeling out good advice on pensions

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THREE in four people do not know how much of their salary is contributed to their pension, according to a survey by Gallup for Abbey National.

The bank has produced a 'wheel' to help people work out how much they need to pay into a pension scheme in order to produce a certain level of retirement income. It is designed to help the employed and self-employed and estimates contributions for pensions up to pounds 25,000 a year.

The Pension Check wheel is available free to Independent readers from Pension Check, Abbey National, Department 9006, Milton Keynes, MK6 1HQ.

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