Will you be able to afford the retirement lifestyle you want?
One of the key challenges some people face is imagining a retirement which may be decades away. As individuals take on more responsibility for their retirement, a clear idea of what they can expect from the State Pension and their own savings becomes ever more important.
Britons are living longer than ever before. However, this also presents many challenges – not least, how will we survive financially in old age given that our retirement may last much longer than we might have expected?
Many people don’t know the answer – not because they aren’t saving for old age or don’t have the means to finance their retirement, but because they haven’t thought carefully about exactly what their needs will be.
The big question everyone should think about when it comes to pension saving is: ‘How much will I need to pay for my retirement?’
BlackRock Investor Pulse was conducted in association with Cicero Group between July and September 2015. A nationally representative sample of over 31,000 people in 20 countries was surveyed. They were aged between 25 and 74 years old. 4,000 were UK residents and, of this 4,000, 750 met the criteria for investors – having investable assets of more than £100,000 or an income greater than £100,000 as an individual, or £150,000 as a household. The results of this survey are provided for information purposes only. The conclusions are intended to provide an indication of the current attitude of a sample of ‘wealthy investors’ in the UK to saving and investing and should not be relied upon for any other purposes.
Content of the articles featured in this publication is for your general information and use only and is not intended to address your particular requirements or constitute a full and authoritative statement of the law. They should not be relied upon in their entirety and shall not be deemed to be, or constitute advice. Although endeavours have been made to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No individual or company should act upon such information without receiving appropriate professional advice after a thorough examination of their particular situation. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of any articles.For more information please visitwww.goldminemedia.co.uk