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What is the true cost of the UK state pension?

To get a sense of the true value of the state pension, you can look at how much you would need to save to match it yourself

SPDR S&P MidCap 400 ETF (MDY)

NYSEArca - Nasdaq Real-time price. Currency in USD

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529.80

+6.30

(+1.20%)

At close: 04:00PM EDT

532.95

+3.15

(+0.59%)

After hours:

05:17PM EDT