The amount you can save into a pension ultimately depends on what you can afford - but the longer you leave it the more you will need to save. We tend to put ambitious targets on our hoped-for income in retirement and then underestimate how much we will need to set aside to achieve that. So how much should you save?
If letters from people's work pensions told them they could get more than £100 for just £50 of their own cash, would they be more likely to take up what's on offer?
Making the most of a pension is your best chance of securing a decent income when you retire. We explain what you need to know.
Many people using pension freedoms are switching retirement savings into current accounts and letting them get gobbled up by low interest rates and inflation, new research reveals.
Which? estimated a couple who both got full state pensions worth around £8,300 apiece would need to save a pension pot of £210,000 on top to achieve a total annual income of £26k.
Most young people know they will be working longer into old age than their grandparents’ and parents’ generation.
For a few years at least, retiring means more energy, not less. Today’s retirees just aren’t as tired out as previous pensioners and as this trend continues they will redefine retirement.
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