Almost half of adults fear having to work after State Pension Age.
Less than a quarter are confident that they have enough pension savings to enjoy their desired lifestyle in retirement.
Some interesting, but unsurprising research findings from the recent YouGov survey.
Sadly, retirement for many is seen as nothing more than a pipe dream. But with effective planning, this shouldn’t be the case.
By reviewing your retirement plan year on year, using cashflow software, we can forecast your retirement outlook and highlight any shortfall. This allows you to work on improving your situation, in advance of retirement.
Pensions are a great tool for retirement saving, allowing you to gain tax relief on the contributions, whilst saving for your future. Pensions also offer a tax-efficient way to invest and grow your savings.
Auto-enrolment has went some way to improving things for workers. However, the contributions to these workplace schemes are often minimal and would not be sufficient alone to fund a decent retirement. Additional contributions may therefore be required over and above.
For business owners who have a limited company, pension contributions are of even greater significance, given the additional tax incentives when paying contributions directly from the company.
