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Your taxes (2023/24)
|Employer Pension Contributions||£0||£0||£0|
|Take Home Pay||£23,404||£1,950||£450|
HMRC Tax rates and rules last updated 10/04/2023
Your Monthly Outgoings
Wealth & Financial Independence More Info
Financial independence means having enough saved that your expenses will be covered for the rest of your life.
- In today's money, you'll have at least £17,472 / year (£1,456 / month) when you retire at 66 - just from your savings
- In real terms (where inflation is not removed), that's £31,013 / year (£2,584 / month)
- That means all your outgoings are covered without having to make any further contributions!
- All your expenses are covered for your retirement, but your wealth may start to decrease towards old age