What does your pension look like?
Over 12 million people are believed to be undersaving for retirement. Recent figures released by the Pensions and Lifetime Savings Association (PLSA) suggest we may need a lot more than we think as inflation rises and expectations change. So how big does your pension pot need to be to keep up?
FOR A ‘BASIC’ RETIREMENT…
If you’re happy with a no frills kind of lifestyle in your golden years, you will still need a minimum of £14,400 a year if you are single and £22,400 a year as a
