Carl has been working for Boots for the last 17 years. He’s a Finance Business Partner, and is married with 2 daughters and a step-son.
“When I started at Boots, I joined its pension scheme straight away,” Carl says. “The scheme has changed over the years, so I got some advice about how to plan so that I’m covered for the retirement I want. As a result, I’m now putting more aside each month, but as my increases are matched by my employer, my pension fund is growing even faster.
“I’m aware of how much my State Pension is, and have factored this into my calculations. I keep a close eye on my pension fund. I’ve tried to invest as much as I can, but life isn’t just about putting money away in a pension. There are things that influence what you’re doing now, like family and enjoying holidays.
“Planning for your retirement is a personal thing. If I want to enjoy my retirement, I need to save now to allow that.”
“Planning for your retirement is a personal thing. If I want to enjoy my retirement, I need to save now to allow that. I look at retirement planning holistically for both myself and my wife. The money we save is for us and our children.
“I do spend time thinking about my retirement and I do have a clear mind-set as to how my pension is progressing. I inherited this from my Dad – he thought a lot about retirement and his pension. Originally I wanted to retire as early as possible, but this has changed over the years. I enjoy my job and now I don’t want to stop until I’m older.”
Follow Carl’s example and plan to ensure you get the retirement you want. This website has plenty of information on having more in retirement, working differently in later life and how getting a mid-life MOT can help you take stock of your work, wealth and wellbeing.