The Retirement Living Standards, based on independent research by Loughborough University, have been developed to help you to picture what kind of lifestyle you could have in retirement. Are you curious to know where you stand?
More people are saving with a workplace pension than ever before. You now have more information, more choices, and more responsibility for your retirement savings.
But will the future you want be the future you are able to get?
Take a look at the Retirement Living Standards, to help you to picture what kind of lifestyle you could have in retirement.
Introducing the standards
The standards show you what life in retirement looks like at three different levels, and what a range of common goods and services would cost for each level.
Retirement Living Standards for single people
Retirement Living Standards for couples
Picturing your future and understanding what it would cost, means you can develop savings targets based on your own circumstances and aspirations.
You can visit the Retirement Living Standards website for more information by clicking here. You’ll also find more information about the standards in this year’s annual benefit statement.
This year’s annual benefit statements will be available by logging in to My Pension Tracker. If you are a deferred member, your annual benefit statement will be available from April and if you are an active member, your statement will be available from June.