Na­tional vari­a­tions in readi­ness to re­tire

Huddersfield Daily Examiner - - FRONT PAGE -

THE readi­ness of house­holds for re­tire­ment varies sig­nif­i­cantly across the UK, analysis has found.

Fi­nan­cial ser­vices firm Har­g­reaves Lans­down looked at Of­fice for Na­tional Sta­tis­tics (ONS) and Gov­ern­ment data and found that house­holds in the South East need to save the most over their work­ing life­time – £411 per month typ­i­cally – to en­sure they reach the same in­come as pen­sion­ers in their re­gion.

At the other end of the spec­trum, house­holds in Wales need to put by around £207 per month to en­sure par­ity with their re­tired neigh­bours, ac­cord­ing to the es­ti­mates. The fig­ure for York­shire and the Hum­ber came in at £256.

Nathan Long, of Har­g­reaves Lans­down, said: “The re­tire­ment readi­ness of the UK dif­fers tre­men­dously by re­gion. Work­ing out what you’ve got, when you want to stop work, where you’ll live in re­tire­ment and what you’ll need are im­por­tant first steps in plan­ning for life af­ter work.”

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