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Pension pots falling short among high net worth individuals
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Pension pots falling short among high net worth individuals
High net worth-individuals in the UK are underestimating how much money they need for the retirement they envisage, the latest figures from wealth management firm Saltus show. On average, respondents to the Saltus survey said a pot of £663,308 would be sufficient for a secure retirement. However, the Saltus pension calculator determined that, factoring in inflation, a pot of at least £1.5m is needed to achieve an annual income of £43,900 – the a…
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