Today we will be looking at a further 2 things you might want to consider as your retirement approaches ensuring you are prepared for when the day arrives that you go into retirement.

WHAT’S YOUR PENSION’S VALUE?

There are numerous advantages to regularly checking the value of your UK pension as you approach retirement. By doing so, you can ensure that your pension continues to provide you with the income you require in retirement.

You can ensure that you are making the most of your investment and keeping an eye on any changes in the value of your retirement fund by keeping track of the value of your pension. This is significant because it will assist you in determining what changes, if any, need to be made to your retirement plans.

GET A STATE PENSION FORECAST

A State Pension forecast estimates how much money you will receive from the government once you reach retirement age. You can get your forecast by visiting the government’s website at https://www.gov.uk/check-state-pension. You must provide personal information, such as your date of birth and National Insurance number, when requesting your forecast.

Once you’ve received your forecast, keep in mind that the amount stated is only an estimate. Depending on a number of factors, the actual amount you receive may be higher or lower than what is indicated on your forecast.

Visit back each day to learn more. Alternatively, contact Woodward Markwell for further information or download our Making the Most of Your Future guide.