Many face pension shortfall on retirement

Nexus Wealth Planning > News > Many face pension shortfall on retirement

Many people are underestimating the value of the State Pension and risk being hard up in retirement, according to a report.

The Joseph Rowntree Foundation estimates that a single person needs a minimum of £8,600 and a couple £12,500, to achieve a minimum standard of living.

With the State Pension standing at just £5,881, or £11,762 for a couple, many could find themselves struggling.

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