Displaying items by tag: retirement

Younger workers are much more money-minded than people might expect and are saving aggressively to achieve an ambitious retirement, according to a new report.

Six in ten millennials (59%) reckon their current life stage means they struggle to save for retirement, with only one in five (20%) saying paying into their pension is a priority.

Nearly half (49%) of workers aged 50 or older want to phase into retirement (32%) or have already done so (17%), according to a new survey.

Two thirds (68%) of UK adults believe it’s important they leave an inheritance, but mortgage and rental costs are hitting their hopes of handing down a legacy.

Brits are woefully unprepared for retirement, with half not feeling confident they will be able to have financial freedom when they stop work.

Most retired people have numerous regrets when it comes to retirement planning, including failing to put a plan together early enough in life.

An extra 1.2m people are facing a worse retirement lifestyle than in 2023, according to the annual retirement report from Scottish Widows.

The cost of a moderate retirement income is £25,000 per year for a single person and £36,480 for a couple, according to data from Hargreaves Lansdown’s savings and resilience barometer, published today.

Two thirds (63%) of over-55s who plan to return to paid work have failed to check the potential tax implications of doing so, according to a new report.

The number of Britons looking to release money from their property to fund their retirement has risen to 61%, according to a report from the Equity Release Council.