PENSIONS – NOT TO BE IGNORED

We are in a time of change as regards pensions. Those retiring in the next 5 or 10 years will benefit from something of a Golden Age of works pensions and State benefits. Those who are younger face an uphill battle to acquire sufficient monies to give them a meaningful income when they hit retirement age. Pensions require forward thinking now, as for most of us they are not automatically part of our jobs, as they used to be. Factually those in their 20s and 30s should already be putting at least 15% of their earnings into long range savings like pensions. Even that is only really a very basic level of savings. It is particularly hard with the extra pressures of rising costs and the goal of buying a property. Take advice and ensure you are looking ahead as well as coping with present situations.