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VIDEO: How much should you be saving for retirement?

Joanna Faith
Written By:
Joanna Faith

The experts at Fidelity International have developed some simple rules of thumb to help people achieve their long term savings goals.

They say Brits should aim to save a pension pot equal to 1x their annual household income by the time they are 30, 2x by the time they are 40, increasing to 7x by the time their state pension kicks in at 68.

In this video, Fidelity’s Tom Stevenson explains the thinking behind these milestones and shares his tips on how to meet them.