Couples need to generate an income of £42,000 a year to have a luxurious retirement that includes long-haul holidays and new cars, exclusive research by Which? has found – an amount that would require a pension pot in excess of half a million pounds.
Even if you’re only looking to cover spending on essentials, our research suggests that couples still need a combined pension income of £18,000.
Which? has factored in the guaranteed income available from the state pension, along with the impact of tax, to help you find out what to target in retirement – and how much you […]
Full Post at www.which.co.uk