So, you haven't started saving for your
Why start saving?
Retirement is supposed to be an enjoyable stage in your life, so
why make it stressful? Simply put - the sooner you start saving for
your retirement, the sooner you can relax in the knowledge that
your future is financially secure.
You can no longer rely on the state to fund your retirement, so
it's crucial that you have enough money to survive on when you stop
working. Otherwise, what was all the hard work for?
Did you know?
The full basic state pension is currently £97.65 a week for a
single pensioner and £156.15 a week for a couple, while a woman who
has a state pension based on her husband's contributions receives
up to £57.05 per week.
Could you survive on this amount?
What are your options?
There are plenty of options to help you avoid living in poverty
when you retire.
One of the most popular options is a pension, which is a
long-term investment that benefits from special tax rules.
What are the different types of pension?
There are three main types of pension:
- Occupational defined benefits (or 'salary related')
- Occupational defined contribution (or 'money purchase')
- Stakeholder and personal pensions
What should you do next?
As you can see, there's a lot to consider when it comes to
planning your retirement, but it needn't be complicated or
stressful - especially if you seek professional financial
Doing nothing now could prove more stressful and very costly in