Four steps to financial fitness
This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to an authorised financial adviser. The minimum age you can normally access your pension savings is currently 55, and is due to rise to 57 on 6 April 2028.
Sources:
- Fidelity Power of Small Amounts Calculator, May 2022
The calculations are based on retirement savings increasing by 1% of the gross salary stated until age 68 (retirement). With salaries growing at 3.75% each year (and the additional 1% contribution will also increase at this same rate). The assets will grow at 5% each year. We do not account for tax or the effect of inflation. - The Fidelity Global Sentiment Survey, 2021. The sample consisted of respondents with the following qualifying conditions: aged 20-75, either they or their partner were employed full-time or part-time and had a minimum household income of £10,000 annually. The data collection, research and analysis for the above markets was completed in partnership with Opinium, a strategic insight agency. Data collection took place between July 2021 and August 2021. Reporting and analysis took place between August 2021 and October 2021.
- Luxury holiday à Office of National Statistics (ONS), Family spending in the UK: April 2019 to March 2021. Cost figures in the example saving goals are rounded to the nearest 10.
- House deposit à ONS House Price Index February 2022. Cost figures in the example saving goals are rounded to the nearest 10.
- Wedding à Hitched - The average wedding cost in the UK revealed. Zoe Burke; February 2022. Cost figures in the example saving goals are rounded to the nearest 10.
- Car à Niblefins. Average cost of cars UK 2021. Cost of the Average Small Car. Accessed June 2022. Cost figures in the example saving goals are rounded to the nearest 10.
- Home renovation à Checkatrade. How much does it cost to renovate a house? May 2022. Cost figures in the example saving goals are rounded to the nearest 10.
- The Fidelity Voice of the Client Survey, March 2022