Money Basics: Why save into a pension?
Even if you’re eligible for the full State Pension of a hundred and eighty-five pounds a week, this is far below what most people say they hope to retire on.
But millions of people aren’t saving nearly enough to give them the standard of living they want.
If you fall into this category, you have three choices.
- retire later
- start saving more
- lower your expectations of what you’ll be able to afford in retirement.
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