Your essential guide to saving for retirement
Important Information: investment values can go down as well as up, so you may get back less than you invest.
People are living longer and are more active in retirement. So that means there's a longer retirement to plan for.
Did you know a single person will need about £43,9001 a year for a comfortable retirement? With the State Pension paying a maximum of £12,547.60 per year from April 2026, there’s clearly a gap.
Taking control of your retirement savings is therefore crucial and it’s important to make the time to consider how to balance our needs of today with our needs and desires for the future.
You may be asking yourself:
- How much do I need to save for my retirement?
- How much do I need to save each year?
- How can I retire early?
Our Guide to Saving for Retirement provides you with all the essential information you need to help you be better prepared for the future you want.
Source: 1Pensions and Lifetime Savings Association - UK Retirement Living Standards in 2024
Important information - SIPP eligibility and tax treatment depends on individual circumstances and tax rules may change. You cannot normally access money in a pension until age 55 (57 from 2028). This is not a personal recommendation for a product, service or action. If you are unsure about the suitability of pension investments or transfers, or action you need to take, we strongly recommend seeking advice from Fidelity's advisers or another authorised financial adviser.
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