When Would You Like to Retire?

Do you have the option of gradually reducing your working hours before retirement? Could self-employment be a way to supplement your income if needed? Are there industries or roles you would like to explore later in your career that might suit you in the years ahead?

What Will Your Expenses Look Like?

For most people, expenses related to children and vehicles tend to decrease, while spending on hobbies, travel, and healthcare often increases. How do you expect your own financial picture to change?

Will You Be Debt-Free?

If you have a mortgage, when will it be fully repaid? If you still have loan repayments when you retire, they are likely to have a significant impact on your finances. Could you pay off your loan more quickly, for example by using your supplementary pension savings?

What Would My Situation Be If My Spouse Passed Away?

All pension funds provide survivor's pensions for spouses. However, the percentage of pension rights covered and the duration of payments vary considerably between funds. It is important to understand the survivor's benefits available through the pension fund to which your spouse contributes.

Are You Making the Most of Supplementary Pension Savings?

Check whether you are contributing 4% of your salary to private pension savings and, if you have a mortgage, whether you are using those savings towards your mortgage repayments.

Building private pension savings is beneficial for virtually everyone and offers a range of advantages. It can have a significant impact on your long-term wealth while only minimally affecting your disposable income. Be sure to compare investment returns and fees across providers. Every percentage point matters.

Are You Planning to Downsize?

It can make a big difference whether you need to cover the maintenance costs of a property, and larger homes generally cost more to own and operate.

Do You Rent Your Home?

Could you join organisations or housing associations that offer affordable rental housing or home ownership opportunities for older adults?

Do You and Your Spouse Have Matching Plans?

Couples do not always have the same expectations about how they want to prepare for retirement or how they want to spend those years. These choices are interconnected, which makes it important to discuss how you both envision life in your later years.

Could Division of Entitlements Be Right for You?

Is there a significant difference between your pension entitlements and those of your spouse? If so, division of entitlements may be worth considering.