How much money will you have?
You’re ready to think about taking your money. Now is the time to do a reality check to make sure it will fund the lifestyle you’ve planned for.
Your pension savings are likely to be made up of a combination of the below:
Savings in this pension pot and SAUL pension based on your salary if you’re a member for more than three years
+ Other pensions, maybe from previous employers
+ The State Pension
+ Other savings you’ve earmarked for retirement e.g. shares, ISAs, property
= Your total savings for retirement
The State Pension
Most people will be entitled to a State Pension. It’s an important part of planning and budgeting for your retirement. Find out more about how it works.
How much you’ve saved
Hopefully everything is on track, but if not you might want to consider phasing your retirement or if your chosen retirement age is still right for you.
