Tag: Pensions

Save to top up state pension

The transition to the new flat-rate state pension from next April is complicated, but in principle the question is simple, says the Telegraph. How much do you need to save to have the retirement income you need? assuming you get the new flat-rate pension of £8,100 a year – which will rise in line with inflation or earnings. Someone earning £50,000 a year is likely to need a retirement income of £30,000 a year, of which the OAP will provide … Read More