Saving for your future
Saving isn’t rocket science. Retirement planning is simply about working out how much you need to save now, so you could live how you want later.
We’re not talking about a massive change in your lifestyle either. Cut down on a couple of coffees a day and you’ll save £100 a month, which over 30 years would mount up to £36,000. Still need that caffeine fix?
How ready is the UK for retirement?
Not so much, according to our latest Retirement Readiness report(Opens new window). Right now, only 7% of the UK population are on track for the retirement they want. That means 93% (or 37.5 million UK adults) need to adjust either their savings or their expectations to achieve the retirement they’d like.
By comparison, 33% of Brits are almost on track but need to do more, 44% have made a positive start but probably need a helping hand to move forward, and 15% have their heads firmly buried in the sand. Which are you?
John McEnroe - Retiready ambassador
Only 7% of Brits are on track for the retirement they want – you cannot be serious!
John McEnroe, by contrast, prepared meticulously for every match he played. One of the greatest tennis players of all time, he won seven Grand Slam singles titles, nine Grand Slam men’s doubles titles and one Grand Slam mixed doubles title. If anyone knows the importance of preparation, it’s John. And that’s why we’ve added Retiready ambassador to his list of titles.
Let’s hear what he has to say...