How to Secure a £50,000 Retirement Income

Follow our top pension tips and with some diligent saving, you could secure a comfortable retirement, whatever your age

Emma Wall 2 August, 2013 | 9:57AM

Want a comfortable retirement? You'd be foolish to rely on the state. The Government all but admitted as much when they launched the new auto-enrolment scheme, insisting all companies offered their employees some form of retirement savings plan, in order to plug the pensions gap. 

But critics are questioning whether the new nationwide pension scheme will be sufficient to fund our old age. The default percentage contribution under auto-enrolment for employees is 5%, and employers have to top up a further 3%.

For many workers, this will be less than their existing employer scheme - as existing pension provision matches employee contributions. For example, in the past if you saved 4% your employer also contributed 4%.

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About Author

Emma Wall  is former Senior International Editor for Morningstar

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