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What does tomorrow look like to you?

You might have paid off your mortgage, but do you want to travel the world, spend money helping the grandchildren, or pursue some hobbies now you’ll have the time? Or do you think you’re likely to have a much cheaper lifestyle, saving on mortgage payments, commuting costs and work clothes?

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Live the retirement you want




Once you have an idea of the kind of retirement you want, you can set a savings goal. A research body, called: The Pensions and Lifetime Savings Association (PLSA) has set out some really handy living standards. These show how much you’ll need to save, based on how you see your retirement shaping up.

When you’re doing your sums and setting your goals, remember to include any other pensions or savings you might have, as well as the State Pension.

PLSA website


Your pension statement

It's important to keep an eye on how your pension is performing. Every year, you’ll get a statement that shows how much you’ve saved so far, and how much you’re likely to have saved once you retire. You can also log into IMI Optimize at any time to see if you’re on track.

If you’re not where you’d like to be, you can up your contributions or change your investment choices to boost your pension pot.

Take me to Optimize