How to Boost a Paltry Pension Pot

Approaching retirement and haven't saved as much as you'd hoped? Here are some tips to boost your pension pot

Faith Glasgow 11 January, 2021 | 11:24AM

pension

How are you feeling about your financial prospects in retirement? Do you have any idea of how much you’re likely to need when you stop working, or how far your current pension pot will go towards that?

If the answers to those questions are “Not sure to be honest”, “No”, or “Not really”, you’re by no means alone. While you probably receive regular statements from your current pension provider and may know roughly what that pot is worth, it can be very hard to assess either what sort of income you might need in retirement or how close you are to achieving that.

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About Author

Faith Glasgow  Faith Glasgow is a freelance journalist specialising in pensions and investment trusts

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