Couples need to save £131 a month between the ages of 20 and 68 if they want an annual household income of £26,000 in retirement, new research reveals.
They would need to build a £210,000 retirement pot and each pay National Insurance contributions for 35 years, to qualify for two full state pensions worth around £8,300 a year, to achieve this goal.
Consumer group Which? did not run the figures for individual savers as well as couples, but it assumed that a single retiree would want two thirds of the annual income of a couple, or around £17,300.FIND OUT HOW MUCH […]
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