Displaying items by tag: retirement
Younger workers saving ‘aggressively’ for retirement
Younger workers are much more money-minded than people might expect and are saving aggressively to achieve an ambitious retirement, according to a new report.
59% of millennials struggle to save for retirement
Six in ten millennials (59%) reckon their current life stage means they struggle to save for retirement, with only one in five (20%) saying paying into their pension is a priority.
Half of workers planning phased retirement
Nearly half (49%) of workers aged 50 or older want to phase into retirement (32%) or have already done so (17%), according to a new survey.
Future retirees less likely to leave inheritance
Two thirds (68%) of UK adults believe it’s important they leave an inheritance, but mortgage and rental costs are hitting their hopes of handing down a legacy.
Half of people unprepared for retirement
Brits are woefully unprepared for retirement, with half not feeling confident they will be able to have financial freedom when they stop work.
15% of retired people regret lack of planning
Most retired people have numerous regrets when it comes to retirement planning, including failing to put a plan together early enough in life.
Millions may delay retirement as savings gap widens
An extra 1.2m people are facing a worse retirement lifestyle than in 2023, according to the annual retirement report from Scottish Widows.
Cost of retirement climbs to £36,480 a year - report
The cost of a moderate retirement income is £25,000 per year for a single person and £36,480 for a couple, according to data from Hargreaves Lansdown’s savings and resilience barometer, published today.
2 in 3 'unretirees' failing to consider tax trap
Two thirds (63%) of over-55s who plan to return to paid work have failed to check the potential tax implications of doing so, according to a new report.
6 in 10 aim to fund retirement with property assets
The number of Britons looking to release money from their property to fund their retirement has risen to 61%, according to a report from the Equity Release Council.