Money Minder UK

« Return to news section
Looking to retire from work, not a pay check? #RetirementReady

In Brief: Looking to retire from work, not a pay check? #RetirementReady

Monday, 20 September 2021

A new report reveals how two-thirds (66%) of adults planning to retire this year risk running out of money[1]. The research found that a 2021 retiree plans to spend, on average, £21,000 a year in retirement – almost £10,000 less than the average UK household income (£29,900)[2].
Just two in five (39%) feel very confident that they’re financially ready to finish working this year, with a third (34%) of women feeling very confident versus two in five (43%) men.

Full article »

« Return to news section
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.