How much do I need to retire?
Everyone is different in terms of when they want to retire and how much they will want to spend. You may spend less on transport to work, upkeep of your children and you may have paid off your mortgage. However, you may want to spend more on holidays and your health. You can use Money Helper’s online budget planner to help you work out how much you might need. The Pensions and Lifetime Savings Association has an excellent resource setting out retirement living standards.
Can I get ill-health retirement?
It may be possible to retire early, if your scheme rules and trustee board allow this. You can contact us, if you believe that you are eligible.
Can I postpone my pension?
You may be able to delay taking your pension. In some cases, it may result in an increase in your monthly payments.
