Platforms & Pensions
While the cost of staples such as eggs , milk , cheese and pasta has spiralled up by about 20 % over the past year , those in the know say that once something goes up in price , it tends to stay there
that if you were hoping to ramp up contributions in your final few working years to make up for any shortfall in your pension , your plans will need to be readjusted .
When the music stops Which brings us onto the subject of this month ’ s article – what happens when your carefully wrought retirement plan is disrupted if you are forced to leave your career earlier than you anticipated . Many people working today are unlikely to last till retirement in companies that need to encourage their bright young things up the career ladder , which means moving their older and more “ comfortable ” employees out of the business . Often , this bitter pill is sweetened by a significant redundancy payout ,
Issue 95 - May 2023 / 61 /