Helping to plan the retirement you want

It’s never too early to start planning for your future. When planning for retirement, the truth is that the earlier you start saving and investing, the better off you'll be.

Get in touch with Ryan to start planning the retirement you want.

Call 07879458428

ACHIEVING THE RETIREMENT YOU WANT

The Retirement Living Standards, based on independent research by Loughborough University, have been developed to help us to picture what kind of lifestyle we could have in retirement. The standards show you what life in retirement looks like at three different levels, and what a range of common goods and services would cost for each level.

The minimum lifestyle covers all your basic needs with occasional activities and one holiday a year. The moderate lifestyle allows for greater financial security and more choice on spending your money, whereas the comfortable living standard allows you to be more spontaneous with your finances and gives you the flexibility to go on more holidays, eating out regularly, etc. the question is, which one do you want to enjoy?

MINIMUM

SINGLE: £10,200/ COUPLE: £15,700

Covers all your needs, with some left over for fun
DIY maintenance and decorating one room a year
A £38 weekly food shop
No car
A week and a long weekend in the UK every year
£460 for clothing and footwear each year
£10 for each birthday present.

MODERATE

SINGLE: £20,200/ COUPLE: £29,100

More financial security and flexibility
Some help with maintenance and decorating each year
A £46 weekly food shop
3 year old car replaced every 10 years
2 weeks in Europe and a long weekend in the UK every year
£750 for clothing and footwear each year
£30 for each birthday present

COMFORTABLE

SINGLE: £33,000/ COUPLE: £47,500

More financial freedom and some luxuries
Replace kitchen and bathroom every 10/15 years
A £56 weekly food shop
2-year old car replaced every five years
3 weeks in Europe every year.
£1,000 - £1,500 for clothing and footwear each year
£50 for each birthday present

How much should I contribute to my pension?

It is never too early/late to start thinking about retirement. However, what you actually choose to contribute is a very personal decision and should be based upon factors such as your age, the affordability of further contributions, what you already have and the income you are seeking to build for your retirement.