Pensioner poverty is a real threat. From the 2016 tax year the Basic State Pension is now £155.60 per week. In contrast average UK household spending is £531.00 per week. (Office of National Statistics 2014). Without personal savings that means a two person household would face an income shortfall of up to £219.80 per week. However a pensioner couple may not have a mortgage to pay, or dependents to pay for, so the total income shortfall may be less. What is clear is that reliance on the Basic State Pension to provide for your retirement income alone is a very high risk strategy.
We help you by: Reviewing your existing retirement savings to ensure they are suitable for your individual needs, provide tax efficient savings and the best possible return appropriate to you.