Using the interest earned from any savings you have is a useful way of supplementing your retirement income – especially if you are able to take only the interest earned and can avoid eating into your capital.
Your savings could include ISAs, bonds, stocks and shares.
All these forms of saving need to be considered and can be used to help provide additional funds for you to use in your retirement.
A financial adviser can help you see the whole picture - your pensions, state benefit entitlements, savings, investments, loans, property and family responsibilities - so that you can plan a comfortable retirement.
If you don't have a financial adviser, you can find one local to you at Unbiased.
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Useful links Thisismoney.co.uk - Best savings ratesDaily Mail - How pensioners sensibly get more income from their savings Thisismoney.co.uk - best savings rates Knowyourmoney.co.uk - best savings accounts Fool.co.uk - compare savings accounts Inheritance Tax Planning - useful information from HMRC Pension Tracing Service - forgotten pension pots? Benefits and allowances Part-time work
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