Get the retirement you’re after
It’s useful to think about what sort of lifestyle you want when you retire. That could be anything from going on holiday a couple of times a year, to just paying your bills and having the occasional treat.
The Pensions and Lifetime Savings Association (PLSA) has created living standards to give an idea of what life could look like at three different levels of income, with an overview of how spending habits might be covered. Everyone’s retirement will be different though, and other costs may need to be factored in depending on your circumstances and living arrangements.
Covers your basic needs with a little left over for socialising and extras such as:
- A UK holiday each year
- Dining out a once a month
- Affordable leisure activities around twice a week.
More financial security and the flexibility to do more, such as:
- An annual holiday abroad
- Dining out a few times a month
Opportunities for more spontaneous spending and luxuries, with:
- A foreign holiday and UK minibreaks each year
- Subscription to a streaming service
- Regular beauty treatments.
What next?
For some key retirement planning points, and to see whether you’re on track for the retirement you want, visit the right page for you:
Register or log in to My USS to keep your membership at your fingertips and:
- Keep track of your benefits and any savings
- Use our calculators and tools to help you to understand what you pay and what you’ll get
- Complete forms to let us know who you’d like to receive your benefits when you die
- Make savings and investment decisions for your Investment Builder pot that are right for you