Staying on track
Saving for your future is probably the biggest thing you will save for, so it is good to have an idea of how much it will cost
No one knows what the future holds, but it is best to properly prepare yourself. You will have different expenses when you retire, depending on where you will be living, what your outgoings will be and how you want to spend your time. For example, you might have paid off your mortgage, but you might want to spend more on holidays than you do now.
Depending on your future plans when you stop working, the IMI contribution of 3.5% may not give you enough.
If you think you might need to boost your income, you can pay extra contributions into your account.