Things like health checks, trips to the optician or car MOTs are done regularly to make sure everything is on track, and regularly reviewing the health of your retirement plan is a great way to make sure that it’s working for you.

This could be an annual review on a set date each year (pop a reminder in your calendar), or prompted by a change in circumstances, such as if you change jobs, including getting a promotion or increasing / decreasing your hours, if you move house, get married or anything else that could have a significant impact on your finances. In short, if your circumstances change, make sure you update your retirement plans too.

If you are in a defined contribution pension scheme, you will receive a pension statement once a year. This could be a handy prompt to consider your retirement plans more fully.

You should always make sure your personal information is up to date on any pension pots you have too, and that you have nominated a beneficiary for your pensions in event of your death.


Work through the MoneyHelper retirement planning worksheet to check the progress of your pension and retirement savings.