NEWS

Pensions – No time like the present!

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It has long been recognised that medical advances, combined with a greater understanding of the impact of our lifestyle choices upon our health, have led to an increase in life expectancy. Looking ahead, future generations are, on average, likely to enjoy much longer and healthier lives than their predecessors.

Estimates from the Office for National Statistics (ONS) show that, a 21-year-old female living in the UK has an average life expectancy of 92, with a 25% chance of reaching 100.

Source: https://visual.ons.gov.uk/what-are-your-chances-of-living-to-100/           

This means that millions of people will spend around one-third of their life in retirement!

With this in mind, it has never been more important to consider how you intend to fund your retirement.

If your retirement plans include holidays, visiting relatives and treating yourself on

occasion, then it’s time to take control of your savings – and your future – and start building up your own retirement fund. The earlier you begin, the more scope you allow your savings to grow, so don’t put it off.

 

For more information and guidance, talk    to one of our financial advisers on 01462 420234