When Vishay Karia began working in a graduate consulting role just three years ago, he was earning £30,000 – around £5,000 lower than the average UK salary at the time.
But despite living in London and facing high rental costs and bills, Vishay still opted to put 10 per cent of his salary – double the amount required – into his pension.
His employer topped this up with 10 per cent contributions of its own, and now he has a private pot of £24,000 – already more than the £18,800 the average 30-year-old has, according to figures from Fidelity.
Shorts
Others his age would likely have focused on saving for more immediate priorities, but for Vishay, now 25, the maths didn’t add up.
