How much will I need?
How far away are you from retirement?
It’s never too late to start saving for retirement. However, you should understand that both the amount you save and the way you invest changes as you get older; assuming you want the same standard of living.
Our interactive guide helps you understand what changes you can make now to enjoy the kind of retirement you imagine.
Time to retirement
You've got bags of time and there's zero need to live off beans on toast while you squirrel away every penny. At the same time, plan now and you'll reap the rewards.
You have a good chance of turning smaller deposits into a great pension if you get cracking. Your pension will also be better placed to weather the ups and downs of investing if you begin now.
But always remember: Your investments could fall in value – though you've got a healthy timeframe to weather any dip in value.
There's no panic, but if you've not started saving it might be time to get your skates on.
Already saving? It's the perfect opportunity to give your retirement a boost by paying in a little more. You'll get tax-relief on your payments so put that Christmas bonus to work.
Thinking you might work ‘til 80 or already shopping around for that sporty little number? If you change your retirement age, you should change your planning too.
Got a workplace pension with Zurich? If you’ve moved from job to job, you may have picked up a few different pension pots on your travels. Why not see if we can help you tidy things up and bring them together by transferring them to your Zurich workplace pension?
Just like learning French or finishing that novel, you can't put things off forever. It's time to start thinking about how you want to take your retirement savings.
Take stock of your options. When you know what your plans are, think about investing in funds that closely match the way you want to take your retirement savings. Don't forget to factor in your state pension too.
Track down any lost pensions through gov.uk.
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Less than 1 year
Almost time to put your feet up and reap those rewards. Time to do some final checks as you ease into your perfect retirement:
- Decide how you want to take your retirement savings (you don’t have to choose a single option). If you're not sure what's best for you, speak to a financial adviser, you may be charged for this.
- Make sure your investments suit those decisions.
- Put in a claim for your state pension (if you have reached state pension age). As the state pension age is regularly reviewed, it's worth checking the latest information on the gov.uk website so there's no surprises.
(We're not responsible for the content of other websites)
- Move to Florida (optional).
- Enjoy your retirement!