Firstly, what do you want from retirement?
Think about the lifestyle you’d like in retirement – and the hobbies you want to achieve. Are you keen to travel, or spend more time with the family? Do you want to fulfil the same standard of living that you have now?
How much retirement income do you really need?
Research shows you’d need*:
- At least £14,400 a year to live a basic lifestyle in retirement. For a couple, it’s £22,400.
- At least £43,100 a year to retire comfortably. For a couple, it’s £59,000.
The state pension is seen as a useful income boost in retirement. But alone, it probably won’t be enough to give you even a basic standard of living. This is where retirement planning could really pay off.
*Pensions and Lifetime Savings Association
Are you making the most of your pension savings?
A pension is one of the best ways to save for retirement. If you haven’t reviewed yours for a while, there’s probably a lot more you could be doing to help grow your money further.
Here to help you find the answers
The world of retirement planning can feel overwhelming. Yet getting it right could have such a positive impact on your future.
Our qualified financial advisers are here to help you step into retirement with confidence.
By having an initial review with our experts, you could:
- Consider what you really want from retirement.
- Work out the income you might need.
- Check how on track your plans are – including some old pensions you have.
- Establish ways to get your pensions working harder.
- Build a plan that works for you from now until you retire.
- Find out when you could retire – which may be earlier than you realise.
