i pay 5% of my wages and the company I work for pay 10%. when i retire i want to be able to live a life closely what im use to before i retire and will never be able to do that if i just had a state pension (if ths still around in 40 years time). Iv got 2 kids and got to think about them, If i die my partner gets a £90,000 lump sum now and then a £11,000 a year pension when she retires!