Get the most out of your retirement planning
It is great to have the basics covered, like knowing your State Pension age, how much State Pension you may receive, understanding your workplace pension and other longer-term savings options.
But to make sure your retirement plan is the best fit for you now, and what you want for the future, there is even more you can do. Here are our top tips for getting the most out of your retirement planning.
Whether it’s paying more in to your workplace pension or other long-term savings, the more you put in now, the better prepared you’ll be for the retirement you want. Through compound interest, you can earn ‘interest-on-interest’ on your savings – this can make a big difference to how much your savings are worth longer term.
You can use the pension calculator from MoneyHelper to get an estimate of your total pension pot, and how much it might pay you when you retire.