Pensions Planning: The NUMBER
in Pensions, annuities & retirement planning
2.3K replies 622.5K views
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Then work out whether you are covered for essentials, and have enough over for the comfort.If not, adjust savings and/or investmentsd - or expectations of living standards - to suit.
Not exactly rocket science surely?
I calculated: £7,500
OAP Pension + Pension credit = £6,500/year I think
So I'll have to cut back a bit, or make some money.
Have you asked for a state pension forecast to check how much you might get from S2P (second part of state pension)? It has been recently rejigged so the lower paid will benefit.A full Serps/S2P record for a person retiring now willl generate more than £10,000 in some cases, much higher than pension credit.
Apply for forecast here:
Of course not.:rolleyes:
But the position is very variable - for some people retirement planning is very straightforward and trouble free.For others, establishing a rough idea of a projected retirement budget is only the start to what can actually be a very complex operation.
You can't generalise.
I agree... but most people do not know their NUMBER.
(excluding folks on here of course!)
I have not laughed at anyone's response.
You are clearly just trying to stir up mischief... stop it you naughty boy!:rolleyes:
If you cannot make sensible comments on this thread, please do not trouble yourself...Whiteflag. :rotfl:
As I said, you can't generalise.
And just as it was all getting civilised.
It can't be, can it?
...and it's creeping up!
Average NUMBER now £28,200.