Record high despite £78k pension pot gender gap
Women in the UK are better prepared for the future than ever before, with 57% now saving enough for their retirement – the highest proportion recorded in 15 years.
Topic: Retirement
Tax savvy
Savers should think twice before using their pension to purchase property
From age 55, you have the flexibility to choose how you take money from your pension. But pension savers risk throwing away thousands of pounds of their hard earned savings if they use their pension to purchase a second property.
Bullish millennials
Putting money to work earlier allows more time for savings to grow
Millennials are more bullish than any other generation about their retirement savings, a major new study has found[1]. But with time on their side, should they be doing more?
How do I plan for my retirement?
Self-employed business owners face unique challenges
Saving for retirement can be more challenging when you are self-employed, as there is no one to organise a pension for you and no employer making contributions on your behalf.
Mind the gap
Self-employed would back new laws to expand retirement savings
For the self-employed, even if the will to save for retirement is there, the way can be problematic.
Pension consolidation
Simplifying and maximising retirement benefits
The employment landscape has evolved significantly over the last few decades, and changing jobs multiple times before retirement is now very much the norm. As a result, many people often have multiple pensions set up, as they have been automatically enrolled into a new pension scheme each time they have started a new job.
Retirement matters
There’s a lot to look forward to
In your 50s, it’s important to make retirement planning a priority if you haven’t done so already. At this age, retirement is no longer a distant concept, and time is short if your plans aren’t on track.
Life after work
Plan for the future you want
Early retirement is no longer defined as the moment when you stop working forever. For many people, it’s simply the moment when you no longer have to work for money. But this also means being in a financial position to choose to keep working if you enjoy what you’re doing.
The big questions to ask before you retire
Are you on track to enjoy the retirement you want?
If you’re among the many older UK workers who will say farewell to full-time work in the next five years, now’s a good time to make sure you’re truly prepared.
How prepared are you for retirement?
Planning ahead helps ensure that you’re on track
You work hard to enjoy your current lifestyle, but are you doing enough to ensure that you will continue to enjoy it in retirement? Many of us live for today, but saving into a private pension plan can help you retire sooner rather than later.