Is the State Pension ENOUGH to retire on?

Описание: Is the State Pension ENOUGH to retire on? Find out in this video as we explore what the state pension is, how much you can expect to receive, and when it's payable. We'll also discuss whether relying solely on the state pension is enough for retirement and if it isn't, what kind of defined contribution pension you may need to plug the gap. So that you can relate it to your own circumstances, we have used three fictional case studies who each have different income needs in line with the Retirement Living Standards.

TIMESTAMPS:
00:00 Introduction
00:16 What the state pension is
02:24 Case studied for is the state pension enough to retire alone
03:04 Is the state pension enough for a minimum income in retirement
04:59 Is the state pension enough for a moderate income in retirement
05:49 Is the state pension enough for a comfortable income in retirement
07:00 How Early Retirement can effect your retirement
07:51 How you can use the 4% rule to calculate if the state pension is enough


Old State Pension info - https://www.ageuk.org.uk/information-...

Retirement Living Standards survey - https://www.retirementlivingstandards...

BOOK A MEETING - https://outlook.office365.com/owa/cal...

Website - www.heritage-fp.co.uk

DISCLAIMER:
The content in this video is provided for information and entertainment purposes. It should not be construed as direct or indirect financial advice. You must thoroughly research any potential financial or investment decision and fully understand the risks before taking it. If in doubt, you should seek Independent advice from a professional adviser. Tax rules and legislation is subejct to change. HM Revenue and Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen. The Financial Conduct Authority does not regulate tax planning. The value of investments and any income from them can fall as well as rise, and you may not get back the original amount invested. Past performance is not a reliable indicator of future performance and should not be relied upon.