Pension Planning - Retirement Income
Pensions Quote Line
0845 108 0505
Financial Services > Pensions > Pension Planning > Retirement Income
Retirement Income
| If you reture at... | Women | Men |
|---|---|---|
| 50 | 31 | 27 |
| 55 | 27 | 23 |
| 60 | 23 | 19 |
| 65 | 18 | 15 |
| 70 | 15 | 12 |
| 75 | 11 | 6 |
| 80 | 9 | 7 |
| 85 | 6 | 5 |
The financial resources that you may need should be planned appropriately as the duration of the retirement phase, of your life could last for as long as 2 to 3 decades.
On average you can expect this many years of retirement, as shown in Figure 1.
Pension planning
A major problem in pension planning is that the economy is likely to be very different, but to begin with, the income that you may need should be based on today's prices.
There will be a significant difference between your present income needs and your income needs when you retire.
This is because you will not
have mortgage or work related expenses, but may have health related expenses.
| pensions news |
|---|
| Sipps need to be taken to where the most money is - Thu, 02 Sep 2010 |
| NAPF: Pensions tax relief changes risk ensnaring non higher earners - Wed, 01 Sep 2010 |
| Pension fund deficits a worry for workers - Tue, 31 Aug 2010 |
| More News |
Pensions Newsletter
Monthly pensions news, provider info & more.
Transferring a Pension
Learn more about pension transfers and enquire about transferring your pension.
SIPPs
Read up on Self Invested Personal Pensions and take control of your pension fund.