\n \n \n “.concat(self.i18n.t(‘search.voice.recognition_retry’), “\n All of these properties have a little extra something that you don’t normally find in a home Were you cracking open the champagne at the thought of being able to pay in £60,000 a year and build a pot of well over £1m? Or were you, like most people, slightly uneasy about how spectacularly high these sums feel — leaving you wondering whether you were supposed to have built more of a pension by now? Unfortunately, we can’t rely on averages, because this falls well short of even the bare minimum we need in retirement, so it’s worth getting to grips with what we need — and how to get there. A useful rule of thumb is the Pensions and Lifetime Savings Association, which says that to scrape by, a single person needs to have £12,800 a year and a couple £19,900. However, this means squeezing all the luxuries out of life. If you want a few whistles and bells — like a two-week holiday in Europe, and a second-hand car, a single person will spend £23,300 and a couple £34,000. If you want to do a bit more travel, go out for meals, or decorate the house occasionally, a single person will spend £37,300 and a couple £54,500. You can use this to work out an approximate target. Then you can get hold of the paperwork which shows how much you have saved so far, and what you’re currently paying in, and run it through a pension calculator. This will show you the income you’re on track for, and how much you need to boost your contributions to hit your goal. It may come as a nasty surprise. The Hargreaves Lansdown Savings & Resilience Barometer shows only 42% of people are on track for a middling level of income — which drops to 39% among millennials and 33% among Generation Z. It might, therefore, reveal that you need to boost your monthly contributions to something you can’t even begin to afford. But don’t let this put you off — you still have options. If you can’t afford to pay in more today, you can make plans for the future. One of the easiest ways to increase your contributions is to wait for the next pay rise, and before you have chance to get used to the extra cash, allocate a chunk of it each month to your pension. You can also think about how the money in the pension is invested. If you don’t make a decision about this, you’ll be put in a fund that’s designed to be middle-of-the-road — and includes shares and bonds to spread your risk. Younger people might consider putting more of their investments into funds with more exposure to shares, because over the long term they tend to have more growth potential. And if push comes to shove, you can retire later. This doesn’t have to mean doing a job you hate until you drop. You can consider phasing retirement, and finding a role you’re happy to do on a part-time basis as you get older. None of these options may feel particularly attractive, but all of them are better than getting to retirement age and suddenly realising you don’t have anything close to the amount of money you need for the retirement you want. Sarah Coles is a personal finance analyst at Hargreaves Lansdown and co-presents Switch Your Money On podcast. Plans to accelerate a rise in the state pension age have been scrapped because of changes in life expectancy. The Government plans to have a further review to reconsider plans for the state pension age to rise to 68. Netflix was sued on Wednesday over “No Limit,” a fictionalized film that suggests a free diver deliberately killed his wife in a diving incident. The French-language film is based on the true story of Francisco “Pipin” Ferreras and his wife, Audrey Mestre. They were a celebrity couple within the world of free diving, an extreme […] The decision not to accelerate the current timetable is a very positive step for future pensioners, some experts said. The confusion surrounding the pension age and its eventual increase will leave many wondering: when can I retire? Les chaussures les plus douillettes, les plus confortables et les plus légères. Ventes jusqu’à 30 % de réduction et livraison gratuite. The government has frozen plans to accelerate the rise in the state pension age. Work and Pensions Secretary Mel Stride confirmed the move following newspaper reports that suggested the government was erring over the plans. The age at which the state pension is payable currently stands at 66, and by the end of 2028, it will have risen to 67. Savers have hardly been spoiled in recent years. Interest rates have been stagnant, stock markets have suffered repeated setbacks and Isa limits have been frozen. Seniors, vous pouvez bénéficier d’un prix spécial pour Internet sans ligne fixe ! Surfez le net plus vite et à moindre coût ! Straker Translations Limited ( ASX:STG ), might not be a large cap stock, but it saw significant share price movement… Work and Pensions Secretary Mel Stride is expected to address MPs in the Commons on Thursday. Primark said it will also move all its retail assistants onto one rate of pay, removing lower aged-related pay bands. Pension reforms announced in the March Budget have created a valuable inheritance tax loophole – and now fresh analysis has revealed exactly how to maximise its use. Martin Lewis has warned people not to throw money away by topping up the gaps in their state pension.Good Morning Britain, ITV The government has postponed an increase in the UK state pension age – but how does the UK compare to others. France is increasing its retirement age from 62 to 64, so how do other nations such as the UK compare? Here’s all you need to know Un Sac à Dos Intelligent Idéal pour les Voyages et le Quotidien. Un Design Minimaliste et une Fonctionnalité Moderne. Check these lists of job types to see if you might qualify for residency in Denmark. Gagik Melkonyan, the deputy of the Armenian National Assembly, said this week that if Putin were to travel there, “he should be arrested.” Miley Cyrus wears a white cut out dress made from see through fabric to film a Backyard Session clip for her new song Jaded. Shop the look here.
