Question:
The general feeling is that you should save 20 to 25 percent of your pre-tax salary to retire comfortably. If I already contribute 17 percent of my salary to a company pension fund do I just top up by three to eight percent or do I have to save 20 to 25 percent in addition to my company pension fund?

Answer:
You only need to top up so you should save a total of 25 percent including your pension fund. It is advisable however to get a statement on your pension fund to see how well it has been performing. Most individuals are bitterly disappointed with company pension payouts. In fact, experts say that most people with company pension funds are about 20 percent short of what is needed.