Statistically parents are twice as likely to talk to their children about the birds and the bees than they are about pensions, according to a government survey. A lack of awareness about saving for retirement is among the reasons for millions of people not saving enough to pay for the lifestyle they expect when they grow old. Experts suggest that debt pressures and confusion about pension provision also lead to fewer than 40% of workers aged 22 to 29 putting money away for their old age. (BBC News, 2010). The basic state pension is currently up to £113.10 per week. Would this be enough to support the lifestyle that you would want in retirement? For the majority of people the answer would probably be no and that’s why it is so important to prioritise savings towards your retirement as early as possible, before it’s too late! If you would like some further advice on pensions and saving towards retirement then please give us a call on 01424 434045 or email [email protected]. With our first appointments being free with no obligation, what have you got to lose?
Posted on: Sun, 06 Jul 2014 09:00:08 +0000