They say there’s no time like the present, and in terms of financial planning, this could not be more relevant.
Pension planning, in particular, should be at the top of the priorities list, and with recent stats from the biannual Wealth and Assets Survey from the Office of National Statistics (ONS) showing that one in three adults are hoping to retire early, there’s no better time to take action.
With the North West heading up the UK retirement stakes with 32 per cent of residents expecting to retire before the state age of 65 and a further lucky 8 per cent aspiring to be younger than 60 when they hang up their hat, it’s a wonder what the remaining percentage are planning to do.
Of those asked, 66 per cent also had an occupational or personal pension, 41 per cent had some form of savings or investments, and 21 per cent were expecting to downsize their home in order to afford retirement.
Chartered Financial Planner, Gareth Rose commented:
“Putting financial plans into place can make early retirement a not so distant dream and still benefit the back pocket. This should surely see the public penning their ‘retirement bucket list’ and if you need help in planning for this then the Sedulo Wealth Management are more than happy to be of help.”