How much will I need to save?
Before starting a retirement plan it's a good idea to think about how much income you're likely to need when you retire. Think about the lifestyle you would like to have when you retire - holidays, hobbies, time with family and friends.
Your financial adviser will be able to work out a realistic figure for you and help you plan how you are going to achieve that level of retirement income.
You may be able to supplement your retirement income with other sources of income, such as interest from other savings and investments, share dividends, rental income from property or part-time work.