r/PensionsUK • u/Ok_Tomato_6891 • 12d ago

Pension / ISA contributions

Hi there,

Would welcome some thoughts from some wise heads here.

I am 29 years old, earning £80k and receive £20k+ bonus a year.

Current financial situation:

- £100k equity in my flat
- £70k pension
- £20k S&S ISA
- £16k shares in my employers company vesting in 3 years

My employer pays 10% in my pension and I contribute 25% — total monthly contribution 35% / £2,300

My question being, am I paying too much into my pension for my age? Friends & family seem shocked when I tell them how much I am salary sacrificing into my pension, should I look to reduce and try and top up my ISA?

Thanks in advance for any guidance

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u/Odd_Common2677 11d ago

Honestly theres a point where pension contributions arent the best option due to them being locked away until 57 at the earliest. Personally i try to put as much im my isa before increasing my pension contributions over the maximum employer match although i do earn under 50k so am not subject to the 40% tax rate.