Different challenges are faced by each generation when preparing for retirement. We are living longer, and increased life expectancy is putting a strain on government finances. Taking responsibility for your pension funds could be an important step forward in your retirement planning. If you’re in your 50’s and wanting to build upon your retirement there is still time to do so. Often people of this age are at the peak of their career earnings, so can make the most of the tax relief available when contributing to their pension. Making sure you know about all of your workplace pensions accumulated over the years could also help with pension planning.
