Retirement is increasingly a gradual transition rather than a hard stop. Planning your finances allows you to choose when and how you reduce work.
Sources of retirement income
- State Pension (check your forecast at gov.uk/check-state-pension)
- Workplace pension(s)
- Private pension(s)
- ISA savings
- Property
Planning your spending
Retirement spending often falls in three phases: active (higher leisure spending), slower (more home-based), and frail (care costs). Plan for all three where possible.
This is general information, not financial advice. Consult a regulated financial adviser for personalised guidance.