Call You and Yours: Can You Afford to Retire?
The state pension has just gone up and yet more people are delaying retirement than ever before. So in our weekly phone-in we're asking: Can you afford to retire?
The state pension has increased by 8.5 percent this week. That equates to around Β£220 a week or Β£11,500 a year. Research suggests that the amount needed to support a just the 'minimum' retirement living standard has increased to Β£14,400 for a single person. Meanwhile record numbers of people are delaying retirement or returning to work to supplement income.
So in our phone-in this week we're asking: Can you afford to retire?
Do you have enough to get by? Are you delaying retirement or returning to work because of your living costs?
Whether you've saved toward your pension your whole working life or not, whether its next year, in the next decade or many decades down the track, can you afford to retire comfortably when you hope?
Call us from 11am on Tuesday on 03700 100 444
PRODUCER: CATHERINE EARLAM
PRESENTER: WINIFRED ROBINSON
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- Tue 9 Apr 2024 12:04Βι¶ΉΤΌΕΔ Radio 4
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