As people are living longer, the task of ensuring that they have enough money to enjoy a reasonable standard of living throughout their retirement is becoming more and more challenging.

Whether you want a quiet time with your family or to go on exotic trips around the world, you’ll have to start planning early to at least cover your basic standard of living. The best way to do this is to spread the payments over as long a period as possible before you retire. This should avoid the need for large top up payments as your retirement draws closer.

No matter how far away your retirement seems now, you should think seriously about the way you want to spend your time, how much it’s going to cost and how much you need to save so you can have a retirement to look forward to.

Pension contributions can start from as little as £15.60 per month and since you will receive tax relief at your highest rate on all pension contributions this would mean a 40% tax relief for a higher rate tax payer. Speak with us to see how much you would need to save each month to achieve the level of income you would like in retirement.