Learning outcomes

After studying this course, you should be able to:

• estimate how much money you’ll need in retirement

• understand how pensions – including the state pension – work and how much income they will offer in retirement

• understand the different options for taking money from pension pots and the pros and cons of each choice

• understand the options available should your pension income not be enough to match your plans and lifestyle in retirement

• understand how events such as divorce and bereavement can impact your retirement finances and learn how to deal with them.