More people are saving into pensions than ever before, with more information, choices, and responsibility for our retirement savings. But will our desired future match what we can afford?¹

The Retirement Living Standards, based on independent research, help us to understand potential lifestyles in retirement. These standards aim to become a rule of thumb for planning.

A single person needs about £14k a year for a minimum living standard, £31k for moderate, and £43k for comfortable. For couples, it's £22k, £43k, and £59k, respectively.¹

This gives retirement savers a general idea to develop personal targets with their Financial Adviser.

The latest research updating these standards was conducted in 2023.

¹Independent research by Loughborough University, Retirement Living Standards, 2023

Contact Orange Tree Financial Services if you would like more information.