π Vanguard UK: 10 Years From Retirement? Your Planning Checklist
Vanguard's UK head of retail pensions, Andrew Marker, lays out an eight-step checklist for savers roughly a decade from retirement: opening a pension if you don't have one (every Β£80 saved becomes Β£100 via tax relief), tracking down lost workplace pensions, and checking progress with Vanguard's pension calculator. It highlights that raising contributions to 7% with an employer match could add about Β£3,000 a year on a Β£50,000 salary, and notes the Β£60,000 annual allowance with three-year carry-forward. The piece also covers shifting portfolio risk as retirement nears, comparing income options (drawdown, lump sums, annuities), and withdrawal ordering to minimize lifetime tax.
π Read more