Whether your retirement is just around the corner or a long way off, it’s worth thinking about what kind of lifestyle you want in retirement and how you’ll get there.
Ever wonder how much you will need when you retire? Or how you can take your pension savings?
Here are some useful tools that may help you.
Our retirement tool acts as a guide to help you understand the income you might need to fund the retirement lifestyle you want. It can give you an idea of what you should aim for.
Our pension calculator helps you get a clearer picture of what your pension savings could be worth. This is a great way to see how increasing your payments now, could impact your future.
If there is a potential shortfall based on what you are paying in, you can aim to reduce this gap by paying in a bit more or paying over a longer term. And, you can try different amounts and retirement dates to see what differences this might make.
The figures in the calculator are only illustrative and are not guaranteed. As a pension is an investment, its value can go down as well as up and it could be worth less than what was paid in.
If you are approaching retirement, you might be thinking about how you want to take your pension savings.
Our retirement pathfinder breaks down all the different ways you can take your money when you retire, so you can understand and compare your options.
We also have a retirement calculator that can help you make your retirement action plan in three easy steps. Designed for those who are 55 and over, you’ll be able to explore the different options available to you and find out how you can make the most of your pension pot.
We even have a tool that helps you explore how healthy your finances are in general. Our Financial Health check is a quick and easy way to assess your financial wellbeing and a great way to get tips and suggestions on how you could improve your financial fitness.
When thinking about your pension and how much you should be saving, it’s useful to bear in mind your retirement could last as long as 20 years or more.
You can do a lot today to help you try and achieve the kind of lifestyle that you'd like to have when you stop working.
You can find all these useful tools and much more on your dedicated company pension website, at Standardlife.co.uk and by logging into Online Servicing.
Online Servicing allows you to manage your pensions securely online. You can view your pension value, see how your investments are performing, change your investment choices, see what you might get back when you retire and send us a secure message.
We also have a mobile app, so you can do all of this on the go. With facial and fingerprint recognition, it’s never been easier to access your pension.
With our interactive tools, Online Servicing and the mobile app, you can easily keep track of your pension when you want to.
Make it part of your life today, not just your future.
Remember as a pension is an investment, its value can go down as well as up and you may get back less than was paid in.
The information provided here should not be regarded as financial advice. If you’re unsure you should speak to a financial adviser. There’s likely to be a cost for this.
Tax rules and legislation may change.
