Pensions

Plan ahead for a more comfortable retirement.

pensioners

Many people in the UK aren’t saving enough for their retirement. Plan for your retirement so that you will have money to live on and do the things you want to do.

The earlier you start saving for your retirement, the better.

If your employer offers an occupational pension then you should consider joining it, or you will miss out onthe money the company will contribute.

If you don’t have a pension, speak to an independent financial adviser.

You can find out how much you will get from the state pension by getting a pension forecast from the Future Pension Centre on 0845 3000 168.

If you already have a pension, you should check it to make sure you will have enough money in retirement.If your pension won’t give you the income you needin retirement, take some action now to help makesure it does. 

From October 2012, if you don’t have a work pension and earn more than £8,105 a year, you may be enrolled automatically onto a work pension and your employer will make a contribution towards it. This is a government plan to get more people to take out a pension.

The earlier you start saving, the better 
The sooner you start your pension, the more you will 
have to live on in retirement. If you saved £250 a
month from the age of 30 to 65, you could have a 
private pension of £8,400 per year, but if you didn’t 
start saving into a pension until you were 50, you might 
only get £2,500 per year to live on.

The earlier you start saving, the better 

The sooner you start your pension, the more you will have to live on in retirement. If you saved £250 amonth from the age of 30 to 65, you could have a private pension of £8,400 per year, but if you didn’t start saving into a pension until you were 50, you might only get £2,500 per year to live on.