A retirement pot of £1 million is often talked about by experts, but how do you achieve this, and is it really enough for all the grand plans you have?
Thanks to the low interest rates in the U.K. purchasing an annuity to provide protection for your loved ones is averaging at 2% per year, this means that for £1million in savings or pensions, you would generate an income of £20,000 per year.
Compiled by our team of international retirement planning experts, this comprehensive guide shows you how to pinpoint your retirement date and exactly how big your pot needs to be.
A survey by Old Mutual recently found people who saw an adviser regularly had a 53% increase in retirement income, and that 90% of people who see a financial adviser on a regular basis feel the advice has benefited them.
You’ve done the hard yards, working your socks off to get where you are now, don't throw your future away by switching to auto pilot.
We understand the temptation to delay decisions, and your not the only person to do this.
The typical age a person enquires about their retirement is fifty. They usually have a mortgage, teenage children and a desire to retire within 10 years. Unfortunately, most have no idea where their pensions are, what they are worth or how much income they may generate and when.
Whether you’re in your thirties, forties of fifties, the sooner you get into the habit of reviewing your finances the better.
This material is for information purposes only and does not constitute an invitation, offer or solicitation to engage in any investment advice or recommendation, or an offer of solicitation for a transaction in any financial instrument. The material may not be suitable for you, and you should therefore always seek professional independent financial advice before making a decision to invest in any product. The information provided and contained in this promotional material is believed to be reliable as at date of issue, but is subject to change without notice and makes no representation as to the completeness or accuracy of the information or of any opinions expressed.