Transcript

Emma Byron

In the last few decades, life expectancy has grown. So you could spend at least 25 years in retirement. That’s great news. But how much retirement income will you have during those 25 years? And what sort of lifestyle will it support? A full state pension is unlikely to give you enough to enjoy a comfortable standard of living. So what level of private pension savings should you have to supplement it? Are you saving enough? And do you know where all your pension savings are?

We’re going to help you answer those questions. We’ll also suggest some other options if it turns out that you’ll need some extra money to boost your retirement income. In short, we’ll help you plan and prepare for a comfortable, enjoyable lifestyle once you’ve said goodbye to the workplace. This area covers the third and final part of the wealth check-up. We’ve added in some extra resources if you want to dig deeper at any point.

There’s a quiz at the end to help you check what you’ve learned and we also share a 10-point checklist to see how well your wealth MOT has gone. We hope you find it all helpful and that it leaves you ready to get the most from your money in midlife and beyond.