Property News · July 18, 2015

Want a comfortable retirement? You only need to save £86 a month


It’s not too late for a typical 45-year-old to start saving for retirement, and it won’t cost a fortuneFor the typical worker over the age of 45, saving an extra £86 a month could make the difference between living a financially comfortable retirement and struggling in later years, according to latest research.The figures come in a report from pension giant Aviva, which estimates that a pensioner needs a basic annual income of £12,590 a year, or £242 a week, to get by. The annual state pension averages £6,556 (including entitlements to state second pension), so that leaves individuals having to find an additional income of £6,034 a year. Continue reading…

Source : theguardian.com
Read more…Want a comfortable retirement? You only need to save £86 a month

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