As you come to the middle of your career, you may start to think more about your plans for life after work. Taking time to complete a mid-career pensions MOT, looking at all your different retirement savings, can help keep you on track for a comfortable retirement. This is an important time to be considering:
- How much you have already saved for your retirement?
- How much you might need in retirement?
- Whether you have a retirement savings gap (the difference between how much you have already saved and how much you might need),
- How you could start to bridge a savings gap
Now is also a good time to start gathering key information about your retirement savings, consider bringing some or all of your retirement savings together and think about other important later-life planning.