The main state pensions will have risen faster than inflation by April 2021, but these state benefits are still low compared with even average earnings.
Choosing when to retire and start to draw on your pension savings is a big decision, you need to balance your hopes for a particular lifestyle in your later life with the reality of your existing savings, and the potential for a decades-long retirement. We can help you to consider all of the options available to you and make the best decision for you.
In the first of our new series on pension saving throughout your life, we take a look at saving for retirement in your 20s and 30s.
ONS are forecasting that around 19% of all newborn girls (and 14% of all newborn boys) will become centenarians. We’re calling this lucky, long-living group Generation Centenarian.
Many people may need to reduce the income they are taking from their drawdown pension funds in light of recent falls in the value of their investments resulting from the economic impact of Covid-19.