๐ 10 Years from Retirement? Your Planning Checklist
Vanguard UK lays out an eight-step checklist for savers roughly a decade from retirement, covering tracking down lost pensions, checking progress against goals, and using carry-forward rules to boost contributions within the ยฃ60,000 annual allowance. It cites the UK's 2026-27 auto-enrolment minimum contribution of 8% of salary (5% employee, 3% employer), and shows that raising personal contributions to 7% with a matching employer contribution could add roughly ยฃ3,000 a year on a ยฃ50,000 salary. The piece also reviews retirement income options โ flexible drawdown, lump sums (UFPLS), and annuities โ and advises drawing from general investment accounts and taxable savings before ISAs and pensions to preserve tax-advantaged wrappers longest.
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