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I don’t want to retire yet, just enjoy life more

Important information: The value of investments can go down as well as up, so you may get back less than you invest. Withdrawals from a pension product are not normally possible until age 55. Tax treatment depends on individual circumstances and all tax rules may change in the future. This is not a personal recommendation.

Jackie Frith wants to bring Japanese culture into her home and garden. She tells Ruth Jackson-Kirby how she has planned to make it happen.

Many of us get our interior design inspiration from our most recent holiday destination. Travel PA Jackie Frith is no exception, but she’s going a little further than just buying a few ornaments.

Jackie has organised trips for clients to far-flung corners of the world since she was 16. Now 50, she is thinking about her future but has no intention of giving up working. ‘I would get bored very easily,’ she says. ‘I like to keep busy and my work is very diverse. It is always different.’ She plans to access some of her pension to travel to Japan and put her knowledge of different cultures to use in her own home. ‘I am very drawn to Far Eastern culture,’ she says. ‘Particularly the pagoda temples in Japan, along with Japanese gardens, which I absolutely love. I dream of having one in my own garden.’

Work less, live more

Jackie’s journey will be funded by her Self-Invested Personal Pension (SIPP), which she will use to supplement her income so she can work less and spend more time focusing on achieving her dreams.

She decided to open a SIPP four years ago after taking an online course to learn how to manage her money better. ‘I learnt how a SIPP makes it much easier to keep track of your pension, so I started looking into it,’ she says. She consolidated three pensions she had been saving into for 25 years – one private pension she started in her twenties and two workplace pensions – into one SIPP. ‘I wanted to have complete control over my pensions and to have them in one place,’ she says. Now she has this control, along with regular savings into her SIPP, she’s a step closer to making both trip and garden a reality in the near future.

Saving for your retirement

Consolidating her pensions into a SIPP has helped Jackie take more control over her retirement savings and where they’re invested.

Find out more about the benefits of bringing your pensions together

If you’ve built up multiple pensions and are finding it hard to keep track of your retirement savings, then now could be a good time to take control and bring your pensions together in a Fidelity Self-Invested Personal Pension (SIPP). With a low service fee and wide investment choice, the Fidelity's SIPP is a tax-efficient way to help you reach your retirement goals and access your pension more flexibly.

Source: Story based on an interview between Telegraph Spark and Jackie Frith, who is not a Fidelity customer, October 2019.

You can view the original article and read more real life stories about saving and retirement planning here

Photography: Francesca Jones, Getty

Important information: Pension transfers are complex and may not be suitable for everyone. Before going ahead, Fidelity strongly recommends you undertake a full comparison of the benefits, charges and features offered. Please read the transfer factsheet to find out what else you should consider before transferring. If you are in any doubt whether or not a pension transfer is suitable for you, Fidelity recommends you seek advice from an authorised financial adviser.

Be ready for whatever life may bring

Find out more about the benefits of bringing your pensions together in a Fidelity SIPP