Planning for Pensions - 1 less takeway meal = extra

By : Administrator
Published 19th May 2014 |
Read latest comment - 20th May 2014

Don't you just love stats

The National Employment Savings Trust has released a report about what is perceived to be a reasonable standard of living during retirement, and that is £15k a year.

Some great examples on how to increase your pension pot:

  • Cut out one take-away coffee a week: £11,800
  • Switch mobile phone tariff: £16,100
  • Cut out one packet of cigarettes a week: £31,400
  • Cut out a take-away: £50,900
  • Take a packed lunch to work: £63,700

Base: 30 year-old, working till 68

Comfort' pension level is £15,000 says study - BBC

I think the pension age will be about 85 by the time I become entitled (if) to a state pension Assuming there's anything left in the pot and the UK hasn't gone bust...


Steve Richardson
Gaffer of My Local Services
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Comments

And when the actually do get to retire, that £50k will be worth next to nothing compared to what the cost of living will be.


Thanks,
Barney

With the size of the population and people living longer the state pension will be peanuts in 15-20 yrs and only available to those with  no other means. Provide for yourself dont rely on the state.

 

 


Shakester

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