With the state pension age rising to 67 between 2026 and 2028, the average UK working adult plans to start taking benefits from aged 62, using their private pension to help plug the five year. This is according to new research from Canada Life. Furthermore the average UK worker plans to retire fully at aged 64 using private pensions and other investments to fill the 3 year gap to pensionable age.
These aspiration are admirable, but along them there ideally needs to be a funding plan. If the above scenario is one that you can relate to, feel free to contact us to learn more about filling in the pension gap and how much it might cost you to achieve.
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If you are considering your pension options, contact Mark Fryer at Fryer Glass on: 01276 301103 or email [email protected]