How I Manage My Money: PA, earning £900 a month, took £50k lump sum from pension

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How I Manage My Money: PA, earning £900 a month, took £50k lump sum from pension
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Kat Vasili thinks the state pension is inadequate and is grateful she has a substantial workplace pension pot

we aim to find out how people in the UK are spending, saving and investing money to meet their costs and achieve their goals.

I worked my way up to become a senior social work manager for a large local authority, earning around £67,000 a year. I worked in the sector for over two decades after getting a diploma and a degree in adult social care. I’ve always been passionate about care for the elderly and vulnerable. I’ll start claiming my state pension when I’m 67. I feel very fortunate that I’m not paying rent and have additional money coming in from a work pension. I don’t think the state pension is anywhere near enough to live on. It doesn’t equate to a living wage.

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