How much will I need?

What do you think you will need for a comfortable retirement?   

We spend a lot of time thinking of how much we can afford to pay now but have you considered what income you would like to have in retirement?

The Pensions and Lifetime Savings Association (PLSA) has worked with Loughborough University to produce a report which aims to help people understand how much they will need for a minimum, moderate or comfortable quality of life when they retire.  For more information go to www.retirementlivingstandards.org.uk

If you are thinking of retiring within 12 months, you can get a quotation of the pension you could receive from the Scheme by contacting XPS (the Scheme administrator).   You can get an illustration of your State Pension here.