Pension warning as simple mistake could cost you £14,000 | Personal Finance | Finance
Britons risk missing out on tens of thousands of pounds if they choose the wrong retirement option.
Source: express.co.uk
Stay updated with breaking news from Pension Warning. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Britons risk missing out on tens of thousands of pounds if they choose the wrong retirement option.
Workers are acquiring more pension savings thanks to UK companies' being forced to auto-enrol employees into retirement plans.
EXCLUSIVE: The average annual pension income is just £18,772 a year, however, reports show Britons need at least £37,300 to live a comfortable retirement.
A staggering £12.9billion was withdrawn early from pensions by over 55s in the 2022.
Around 41 percent of homeowners will still be paying off their mortgage payments in retirement, new data shows.