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Huge pensions needed by those who plan to rent


News Huge pensions needed by those who plan to rent
Huge pensions needed by those who plan to rent 1
Quote:Tenants who will still be paying rent when they retire will need a pension pot of up to £445,000 to avoid falling living standards, research suggests.

The calculations come from analysis by pension provider Royal London which said savers needed a "pension mountain" for older age.
Source
Compared with the average of £260,000 for those who don't rent. A huge difference, especially in a time period with low interest rates for those annuities you might hold for retirement. Shows the massive importance of owning a home in the UK.
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