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.
The new State Pension has failed to keep up with the National Living Wage in the years since they were both set up in April 2016.
It’s been five years since pension holders were given the freedom to draw directly from certain pension savings. What have we learned that can help those about to embark on their own retirement journey?