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In this section
Your essential guide to saving for retirement
Important Information: The value of investments 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 £43,1001 a year for a comfortable retirement? With the State Pension paying a maximum of £11,502.40 per year, 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 2023
Important information - Eligibility to invest in a SIPP and tax treatment depends on personal circumstances and all tax rules may change in the future. You cannot normally access money in a SIPP until age 55 (57 from 2028). This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity's advisers or an authorised financial adviser of your choice.
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Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
