Budget Planning

Retirement can last a long time, so you’ll need to consider this when working out a budget.  Creating a budget can help to estimate how much income you might need in your retirement.

Remember – when you retire costs such as commuting may reduce, but personal travel may increase. Similarly, outgoings such as utility bills are likely to increase when you retire, but mortgages or loans may disappear or have disappeared already.

The results of this tool should not be relied upon.