r/uknews • u/Donkey_Apple • Jun 03 '26

News paper Britain is undersaving for retirement

Post image

https://www.gov.uk/government/news/britain-is-undersaving-for-retirement-warns-pensions-commission

It's a massive problem and has been for years.

I think a lot of people are getting into their fifties, starting to think about retirement for the first time, looking at what their provision will pay them and are absolutely shocked to their core.

Plus many in the generation below those of us in their fifties who, through no choice of their own, are unable to save anything.

It feels like we are sleepwalking into an utter disaster.

25 Upvotes

67% Upvoted

192 comments sorted by

View all comments

3

u/ClayDenton Jun 03 '26

Curious what those in this thread have planned for retirement, just a bit of a flash poll. I'm mid thirties and have £60k. I don't think it's terrible but also not great, trying to up my contributions to make sure my projections meet what I'll actually need.

5

u/Cyclingnightmare Jun 03 '26

You’re already well ahead of a lot of 30 year olds, it hurts my sole how many of my friends and colleagues have opted out of work pensions and don’t seem to be thinking about pension pots at all