money for their pension pot so it's ready for retirement.But thousands of pension savers are overestimating their future retirement pot by as much as £50,000.According to a study from Which?, a worrying number of people don't know how much money they'll receive from their state pension.Some are expecting up to £50,000 more than they'll actually get which could cause financial difficulties in later life.It also could mean some are saving far less because they think they're getting a larger sum from their retirement.Which?
found three in 10 people are overestimating their future state pension payments.The new state pension is currently worth £175.20 per week, but it's not what everyone is entitled to.It depends on your National Insurance.
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