Saving More In Retirement

Making the most of your time and retirement funds

Analysis of HMRC data* highlighted the fact that pensioners are continuing to save for their future and to increase their retirement funds in later life. The latest HMRC statistics reveal that the average value of an ISA held by someone aged over 65 now stands at £47,000. This an increase of £4,500 compared to the previous year. The extra money is being used alongside their personal pension when extra expenses come around.

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Pension Fees & Charges - Get a pension assessment

Pension Fees – What are you being charged?

Many people are keeping a much closer eye on their pension fund performance in order to assist with retirement planning. These days, there is much more choice between pension providers, such as different investment funds and ways to withdraw your savings. However, you could still be losing money. All pension providers charge for their services, and the last thing you want is for your careful retirement planning to be spoilt by hidden pension fees.

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What is a pension check?

What is a Pension Assessment?

A pension assessment may not be something you have considered. Perhaps it sounds like it’s only for people who have large personal pension pots, or even those who are having problems with their private pension. However, a pension review is suitable for everyone, no matter how close you are to retirement. It is designed to benefit you, and the financial advice you are given will not only make sure you are getting the right deal but could save you money.

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Retired couple working out

How much do you need to retire?

After years of hard work and paying in, a comfortable retirement is probably the light at the end of the tunnel.

40% of over-55s, however, are worried that their money will run out. (1)

Moneywise.co.uk – April 2018

It’s worth taking some time to make some retirement decisions and figure out how much you are going to need – and if you’re on track to build up the pension fund needed to provide this.

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