I just had my pension prognosis.
I am 57 and if I carry on paying type 2 contributions for the next 10 years.
Assuming I haven't dropped off my twig before then I should get what is now worth
£280 a week (adjusted in whatever daft way they adjust things), which, if you do the Maths comes to:
£14560 per annum; which doesn't seem an awful lot.
My Bulgarian pension will buy me 4 oz of Black Strippit Baas once a week!
This is one of the reasons why my wife and I have been merrily buying property over the years as we don't trust
investment schemes and the interest in the banks is not interesting at all.