Money Minder UK

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How prepared are you for retirement?

In Brief: How prepared are you for retirement?

Thursday, 04 June 2020

Saving enough for retirement, and reaching your financial goals to provide the retirement life-style you want could require careful financial planning. Private pensions, often referred to as ‘personal pensions’, could help supplement the amount you’ll receive from the State Pension. Generally ‘defined contribution’ plans means any payments you make are invested.

The amount you end up with at retirement depends not only on how much you’ve paid in, but also on how your investments have performed and the level of charges. Seeking professional financial advice could help you to decide if you are making the most of your pension savings for retirement. 

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Please be aware these articles are for general information purposes only and correct at time of printing. We will not accept responsibility for any errors made or actions taken by any readers that have acted on the information contained. Answers given are for guidance only and specific advice should be taken before acting on any of the suggestions made. All information is based on our understanding of current tax practices, which are subject to change. Always remember when investing, past performance is not necessarily a guide to future performance and the value of some investment units can fall as well as rise.