Planning for retirement – It’s never too early
Statistics projected by Office for National Statistics (ONS) have indicated that the UK’s population is ageing. It shows that in 50 years’ time, there would be an additional 8.6 million people aged 65 years and over – a population roughly the size of New York. Most people associate the age 65 with Retirement – a new beginning, free from the responsibilities of one’s profession. As humanity has progressed, the reality of retirement has evolved to accomplish much more than freedom from work. People are inclined towards achieving continued self-fulfilment, profound communal interactions, and intellectual stimulation. Financial security is still considered a gateway to achieve total freedom, achieve peace of mind and help you achieve what you really want to do in your retirement.
Fewer people enjoy the guaranteed income that comes with a final salary pension, and you now must wait for longer to qualify for the state pension.