Nice to haves
A bit of luxury
The monthly income you may need TODAY would be
The effects of inflation
The monthly income you may actually need inyears time could be
It is assumed that inflation will grow at 2.5% per year.
With inflation everything becomes more valuable except money ... so ... the general level of prices of goods and services increases with inflation and the value of money decreases.
So will you have enough money when you stop working? A good place to start is to find out how much the
State might provide plus any other savings you already have.
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You can receive free and impartial guidance from Pension Wise.
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Perhaps you're ready to make your choice or maybe you want to find a financial adviser to give you the personal advice that we can't. Whatever you want to do next, we can help.
Free, impartial, government servicePension wise
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Bring retirement options to life
Take a look at scenarios to help put your retirement options into real life.
We're happy to help you. Although we can't give you financial advice, we can help you find a financial adviser.