When planning for retirement it is advisable that you aim to have several income streams for when you are finally able to give up work. Ideally you should aim to have a substantial pension pot, independent savings and investments, as well as other assets that all can be used to provide a retirement income.
You may also want to unlock equity held in your home into cash to help fund your retirement plans. Equity release or a retirement interest only mortgage can help you unlock the value in your home.
Before creating a retirement plan it is advisable to speak to an independent financial advisor who will be able to give you some impartial advice about what would suit your personal circumstances. You can also visit our retirement guides section to read more about pensions, equity release and annuities.