The first step to reviewing your retirement savings is to find out what you already have. You can see the current value of your Account and an estimate of its value at retirement by logging in to your LifeSight Account.
When you are reviewing this, you will also need to think about how you will use the savings to fund your retirement. You can find more information about your options here.
You might also have savings from previous jobs, or a personal pension plan. In this case, you will need to find out what you can expect to get from them too. Check a recent benefit statement or contact the pension scheme for an estimate. If you’ve lost touch with a previous employer’s scheme, you may be able to find them using the pension tracing service. Go to www.gov.uk/find-lost-pension for more information.
Don’t forget to also include the State Pension in your calculations. You can find out about the current State Pension and get a forecast at www.gov.uk/check-state-pension.
You may also have other assets and savings to take into account, for example property or other investments.