Personal Finance

Dreaming of a comfortable retirement? Make sure your plans are realistic

We all dream of the day when our time is our own, but the question is whether we can afford that dream

Living the retirement dream: ‘The targets for pension fund savings are significant, so the sooner we start saving, the easier it is.’ Picture: Getty

There will come a day when we all quit paid employment. Whether we hope to retire in ten years, forty years or somewhere in between, pension planning can ensure the goal of a comfortable retirement is not just a pipe dream.

A pension is basically tax-advantaged savings, and in the realm of personal finance, it is probably the best value for money we will ever enjoy. There’s the generous tax relief of up to 40 ...