Build your vision board for retirement

In Partnership with PensionBee

What’s your retirement vision board?

When you think ahead to retirement, what do you see? Coffee shop chats with friends? Self care spa days? Maybe extended breaks in the sunshine? 

Whatever your ideal retirement lifestyle is, you need to be able to actually pay for it, otherwise you may find yourself penny-pinching in the supermarket, trying to make your state pension stretch to the end of the month.

Whether you’re in full time employment, self-employed or a stay at home parent, building up a pension pot could mean all the difference between being financially well and struggling to make ends-meet at retirement age.

Don’t feel bad about not taking an interest in your pension.  We know that to many, pensions can often feel overwhelming and confusing, while fees and underlying investment details may not set our pulses racing, but the opportunity to live a financially-well retirement should excite us!

Here are 5 ways you can build the retirement life of your dreams through your pension:

Stay in control

Whilst we can’t control what happens in the wider economic environment, such as the cost of living and world politics, we do have some control over our own financial environment. This means taking a proactive approach to managing our money, making sure that we allocate excess money in our budget to retirement. 

Each payday is an opportunity to invest in your future.

Treat it like a bill

Paying into a pension doesn’t need to be a big deal. If you have a consistent income, pick a fixed amount and set up a standing order to your pension account. If you have a fluctuating income, pay a fixed percentage of your income into your pension account.

Begin with the end in mind

Use pension calculators to work out what you might need in retirement and work backwards to find out how much you need to be investing at your age.  Check out our podcast specia on pensions here where we talk through this. 

Investing in pensions is for everybody

You’re never too old, it’s never too late and even if you don’t contribute an income to the household, a pension is still for you. The gender pension gap is proof alone of the financial sacrifice women make, with many finding themselves financially vulnerable years later approaching retirement. This is your sign to put your financial life jacket on and prioritise your financial future.

A platform for you

Don’t be overwhelmed with a complicated pensions platform.  PensionBee is designed to remove the overwhelm and is the perfect place to manage your pensions.

From combining your old pensions in minutes, being able to contribute flexibly and withdrawing cash with ease, the PensionBee platform was designed to help you feel pension confident.

Do something your future self will thank you for and stop overthinking your pension.  If you’d like to take control of your retirement, click here to get started.

Vote with your money

Once you realise you have the power to vote with your money and can back purpose driven missions with your pound – pensions become a whole lot more interesting! If you’d prefer not to back fossil fuel funds and have a vested interest in the planet, you can direct your pension investments to green and climate-focussed funds, ones that truly align with your values.

With investing your capital is at risk.