REACH YOUR TARGET

HERE are some tips from Kate Smith of Aegon on how to reach your retirement savings target:

DON’T delay. Start saving as early as possible. Make a plan, including all your pensions and savings.

DON’T opt out of your workplace pension. Save enough to maximise your employer’s pension contribution.

WORK out how much you’ve saved in pensions and other savings you have for retirement, such as Isas.

GET a state pension forecast online at gov.uk/ check-state-pension. Make the most of online tools and calculators to see how much you need to save.

REGULARLY review your plan, your pension and savings accounts. This is especially important for women returning to work from maternity leave and for those whose children have reached school age.

CONSIDER getting professional financial advice.