Ian browne a retirement expert at quilter said. If you haven t retired yet you might still have time in the last few years before retirement to boost your pension income by increasing your contributions by as much as you can afford.
You can also speak to a friendly adviser at your local age uk.
How to make money when retired uk. Maintains a vital link between previous workplace activity and retirement minimal start up costs steady earning potential no premises required work from home downside irregular hours access to a vehicle would be essential for most trades. While 100 000 sounds like a substantial sum of money when spread across your retirement from age 55 that figure looks far less appealing. They can give advice on claiming benefits and help you complete your claim forms.
Call age uk advice on freephone 0800 678 1602 to order our guides or get advice from a trained adviser. Tuition service upside excellent earnings potential high profit margins home based. This is fairly simple you simply multiply your desired annual income in retirement by 25 and you ll arrive at an approximate figure of how much money you need to save.
Boost your pension if you still have time. The bank of england s decision to lower interest rates to almost zero means cash savings accounts. The days of saving money to make a worthwhile passive income in retirement appear to be over.
With more than 130 age uks across the country chances are there s one near you.