Property News · December 14, 2013

Pension advice for the twenty-somethings: start early and save big


Pension advisers say young people should be putting away as much as 12% of their salary for a comfortable retirementToday’s graduates face a working life of around 50 years. Even then, they’ll be lucky to get their hands on their state pension by the time they’re 70.If governments keep on raising the retirement age as life expectancy increases, children born in 2050 could be 84 before they collect their pension, according to predictions by PricewaterhouseCoopers, and could expect to live to be 104. Given that life expectancy varies across the country, some people could be working until they die, and those in manual trades could find they receive just a few years of the state pension compared to office workers who survive much longer. Continue reading…

Source : theguardian.com
Read more…Pension advice for the twenty-somethings: start early and save big

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