But as many as 12m people are just not saving enough, worrying new analysis has found.
Britons earning the typical annual wage of £27,000 should be aiming for a pension equivalent to two-thirds – £18,000 a year or £1,500 a month.
After factoring in the state pension of £691 a month, another £809 a month is needed from workplace and other private pensions to meet the target.And someone retiring at 65 in good health would need a pension fund of £301,500 to buy a guaranteed income for life which would fill the gap, according to calculations by pension specialist Aegon. Many […]
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