05-16-2018, 12:18 PM
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.Source
The calculations come from analysis by pension provider Royal London which said savers needed a "pension mountain" for older age.
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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