In Brief: Time to update your planned retirement date?
Tuesday, 07 January 2020
Without a correct planned retirement date millions could risk missing out on money from their final pension pot. Changes in the State Pension age, means people are free to work for as long as they need or want to. For example average earner in an automatic enrolment scheme could miss out on more than £4,000 in their pension pot by sticking with a default retirement age of 65 when they actually intend to retire at 68. Seeking professional financial advice could help you to make plans for your retirement.
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