What is a good pension amount to save?
Some Advisers recommend that you save up 10 times your average working-life salary by the time you retire. So if your average salary is £30,000 you should aim for a pot of around £300,000. Another top tip is that you should save 12.5 per cent of your monthly salary.
Try our handy calculator to help you understand the level of contributions you need to be making.
Are my pensions going to give me the income I want, when I want it?
This of course, is the most important question of all and there are many statistics online to show you the average pot on retirement, what the State Pension will provide and what level of income this will deliver.
The general principle is the more you save into your pension(s) the bigger your pot, and the younger you start the more you will benefit from the compound growth effect of your pension investments.
Pension planning and cashflow modelling
Our Advisers use sophisticated software to plot your own pension and retirement journey, showing you how much you have saved, how much more you need to save (be it pensions, ISA’s, other forms of savings or investments etc) and your income and expenditure needs.
Your Adviser will work with you to create an interactive model which will be reviewed and adjusted with each change in your circumstances.