One in three Brits don't know how much pension to save
As new research shows that over 1 in 3 Brits don’t know how big a pension pot they'll need, and 1 in 5 don't even know how much they have.
It’s an age-old question (in more ways than one): how much pension do I need to save right now, in order to have enough pension income when I retire? It’s also one of the most important questions anyone can ask about their personal finances. Yet new research indicates that a huge number of Brits have no idea how to answer it – to the extent that many are ignoring it altogether.
A study by partnership with Opinium has revealed alarming levels of uncertainty over the three key questions of pension saving:
The findings show that there are big holes in people’s knowledge of their needs in retirement, and of their level of retirement savings. Alarmingly, this is prevalent even among those who are soon to retire.
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Best wishes,
Nadia Khan
I am an Independent Financial and Mortgage Adviser and have worked in Financial Services for over 12 years. During my career I gained experience in assisting both individual and corporate clients.…
