During a busy career, retirement can seem a long way off. Many people don’t think it’s a priority to consider planning for retirement until later in life, before discovering there are limited funds set aside!
Planning so that you can enjoy today, whilst making sure there is plenty saved for the future, can be a tricky balance to get right.
Longer life spans now mean that enjoying an active retirement is now something to look forward to. Planning ahead can help create a secure income for later years, enabling you to achieve financial freedom during your retirement.
Our guide to planning for retirement explores some of the considerations to think about if you need to revisit your plans or start to think about what your later years look like.
What you’ll learn in this guide:
The impact of living longer on retirement planning
How much you need to save for retirement
The amount needed for a £1million retirement fund
Where to retire if you’d like to spend time overseas
What pension options are available
Tax reliefs and allowances to consider
Some of the key questions to bear in mind when retirement planning