Retirement & Insurance
Retirement
Saving for a pension is becoming increasingly important, especially as the state pension and retirement ages are continuously changing.
You may rely on your pension pot as your main source of income in your retirement. It is easy to underestimate your life expectancy and by doing this you may not have enough in your pot to not have a financial shortfall. It’s never too early to start to think about retirement and preparing for you future!
Take a look at the pension planner in our tools section which helps you work out what your pension-related priorities are in your 20s, 30s, 40s, 50s and 60s.
Insurance
There are several types of insurance to consider. When looking for insurance here are some things to consider:
- Shop around and make sure you get at least 2 comparisons before you purchase your insurance.
- Always makes sure the cover is right for you and you read the terms and conditions, check you can cover the voluntary excess amount in the event you have to make a claim.
- If you can afford to pay the policy off in one go this will save you some interest as monthly payments come at a cost.
- When your insurance is up for renewal make sure you shop around – it doesn’t always pay to be loyal.
