Pensioners now need to find £30,000 more than they did last year to maintain a comfortable standard of living in retirement. The rise has been caused by the cost of living continuing to climb ever higher over the past 12 months.
New pensions industry guidelines – which will be widely used by experts as a measure of how much money is needed in retirement – lay bare the true impact of inflation.
The calculations last year showed it cost £43,900 for a single pensioner to lead a ‘comfortable’ life. But that has since risen to £45,400 a year, when accounting for inflation, according
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