• Home
  • Entrepreneurship
  • Marketing
  • Social Media
  • Business Tools
  • Blogging
Facebook Twitter Instagram Pinterest BlogLovin RSS
Onaplatterofgold.com
  • Entrepreneurship
  • Marketing
  • Business Tools
  • Social Media
  • More
    • Money Matters
    • Blogging
    • Hot Startups
    • Submit Your Guestposts Articles
Facebook Twitter Instagram
Onaplatterofgold.com
Life During Retirement: What You Can Do To Boost Your Pension
Investments

Life During Retirement: What You Can Do To Boost Your Pension

Money Matters EditorBy Money Matters Editor7 May 2012Updated:12 January 20224 Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Reddit WhatsApp Email
pension saving plans
Share
Facebook Twitter LinkedIn Pinterest WhatsApp Email
Freshdesk is the best customer support tool!

Are you planning for your retirement? How do you boost your pension? You can set up your pension fund and regularly put money in it.

However, how do you make your pension fund work harder for you and increase your retirement income?

Boosting your pension is not just about increasing your regular monthly payments. Also, it’s not about paying in a lump sum when you can.

Changing your investments is one of the best ways to boost your pension fund. Also, you can consolidate all your pensions in one place or even change your retirement date to give your fund more time to grow.

SEE ALSO: How To Establish Primary Investment Objectives For Your Retirement

Bear in mind, though, that investments can fall as well as rise, and you might get back less than you invest. A few smart choices now could see your pension buy you a much higher level of income when you retire.

Saving your money

If you have just set up your pension fund, make sure you save as much as you can and start saving as early as possible, ideally from your first pay packet.

This does not mean going short but dividing up your spare cash so you have got some for long-term pension investment as well as some for short-term savings such as this year’s holidays.

SEE ALSO: Wealth Creation: Some Good Investment Options That Beat Inflation

Saving for your retirement does not mean just traditional company or personal pension funds. There are lots of other financial products that allow you to invest in stock market funds.

Also, some financial products help you make the most of tax-efficient savings. For a better understanding, please speak to a financial planning manager.

How much to save

As a matter of fact, exactly how much you pay depends on your income, any growth in your investment each year, and the time you have available to invest before retirement. But experts suggest the cost of delay is one of the main factors in how much you can expect at retirement.

As a rough guide, someone saving £100 as a month into a pension until age 65 may achieve a fund of over £150,000, whereas that same fund may be less than £70,000 if they left it until 40 before starting to save.

Regular review

Manage and review your pension savings regularly, particularly if you have undergone any lifestyle changes such as being divorced, a new job, or being made redundant.

Regular reviews could also help you protect your investments against market volatility. By doing this, you will be able to see how your pension is performing.

It’s easy to do and will give you much more control over your pension planning. Use the planning tools to be able to determine how much your pension could be worth when you retire and the impact of paying in more.

 
 

got content like this to share?
 

Investments pensions plan retirement plan
Money Matters Editor
  • Website
  • Facebook
  • Twitter
  • Pinterest
  • Instagram

Onaplatterofgold features a team of bloggers and content writers. You can also send your article to us at [email protected]. Don’t forget to like us on Facebook and follow us on Twitter.

Related Posts

How to Invest in Coins for the First Time: A Beginner’s Guide

25 February 2022

Best Alternative Cryptocurrency Exchange and Trading Platforms

11 January 2022

Asset Management Trends to Look Out For

16 March 2021

4 Comments

  1. Rachel Emerson on 8 May 2012 5:13 pm

    Today’s global financial problem is affecting everyone, i guess it’s very important to make use of every penny one makes

    Reply
  2. Reneta on 28 July 2012 10:49 am

    Great tips! I just want to say I’m newbie to blogging and truly liked your web page.
    Probably I’m going to bookmark your blog post .
    You surely have remarkable articles.
    Regards for revealing your blog.

    Reply
  3. Gabby Stones on 9 August 2012 3:50 am

    Pretty cool content you have put up here.
    I just stumbled upon your blog and I must say am in love.
    Anyway I will be subscribing for your blog rss feed.

    Reply
  4. Pingback: Top 6 Retirement Income Sources You Should Be Exploring

Leave A Reply Cancel Reply

Stay In Touch
  • Facebook 1.8K
  • Twitter 6.2K
  • Pinterest 763
  • Instagram 400
Power your website with a2Hosting  
Get SocialBee to manage your social media

Get More Leads
With Less Effort!

Automate your social media posting so you can focus on what truly matters.  14-day FREE trial, no credit card required 

  • Category based post
  • Automagically add content
  • Custom URLs & tracking
  • Audience analysis

Try it for free here!

 

 

Our Picks

Best Alternative Bookkeeping Solutions To Simplify Your Business Finances

18 May 2022

Best Startup Advice For Manufacturing Entrepreneurs

17 May 2022

How to Hire Licensed and Insured Moving Company

10 May 2022

3 Online Smart Marketing Tips For Small Business Owners

3 May 2022
Build new landing pages with Instapage
Use AI-powered logo maker to brand your business
New To Blogging? This Is How To Start A Profitable Blogging Business
About Us
About Us

Onaplatterofgold is your #1 source for startup and small business resources. Our platform features content and articles on and about entrepreneurship, marketing, business tools, and applications for businesses to boost their productivity.

We're accepting new partnerships right now.

Email Us: [email protected]
Contact: +44-792-6315-597

Facebook Twitter Instagram Pinterest BlogLovin
New Comments
  • Salame on Best Tools To Convert Blog Posts To Downloadable Ebooks
  • Harry on How to Invest in Coins for the First Time: A Beginner’s Guide
  • Heena on Impeccable Tips To Manage A Fully Remote Workforce
  • Olivia on Tips To Build a Competitive Amazon Marketing Campaign – A Definitive Guide

Subscribe to POfGold

Get our latest blogposts on marketing, social media, growth hacking tips and tricks to improve your business...

Facebook Twitter Instagram Pinterest BlogLovin RSS
  • Become a Better Blogger
  • Social Media Tools
  • Submit Guestpost
© 2022 Onaplatterofgold.com | Proudly hosted by A2Hosting - one of the world's best Webhosting Companies!

Type above and press Enter to search. Press Esc to cancel.