Top Financial Tips for Your Pension
We all know that having a decent pension is vital to enjoying a comfortable retirement. However, understanding your pension and setting clear financial goals can be difficult. Furthermore, as average life expectancy continues to increase, having a healthy pension is essential. This is especially true for younger generations, as they could expect to live upwards of 30 years if retiring in their 60s or 70s. In particular, this is worrying for self-employed individuals. With the rise of the gig economy, 15% of the UK’s workforce are now self-employed, yet only 25% of those are contributing to a pension . With that in mind, here are some top financial tips to help you plan for your pension. Simplify Finances Before you can plan properly for your pension, you need to consider your current financial situation. This includes keeping track of your spending and understanding your true living costs – you can find several effective methods here . Secondly, it is important to improve and si...