With people living longer than ever, it is essential to ensure that you have the necessary arrangements in place to provide the retirement you dream of. For many, perhaps retirement will not be what they imagined – potentially still paying a mortgage, not having the funds available to do those things they had planned to do.
HL Consulting will help you to make sure you have the necessary plans in place (to start a pension), to work towards the retirement you envisaged. We have a fantastic range of products and funds to choose from and as Chartered Financial Planners you can be sure of receiving the best advice. Take your first step on the journey to a better retirement by contacting us today.
A pension is money you’ll use to live on when you retire. Most people get a State Pension from the government, which covers basic needs but often does not provide that dream retirement. Your retirement will hopefully be around 30 years, so your pension planning needs to provide funds to allow a good standard of living during that time.
How much you’ll need to put away for your pension depends on:
Think about the lifestyle you want when you retire and the commitments you’re likely to have. Your needs may change as you go through life so review what you’re saving regularly to make sure you’ll still be able to have the lifestyle you’re planning.
When planning how much pension you’ll need during your retirement you will need to consider things such as: