The cost of achieving a comfortable retirement in the UK has soared, but there are four ways for Britons to boost their pension pots. A couple now needs £59,000 annually for a ‘comfortable’ retirement, up from £54,500 just a year ago, according to recent figures from the Pensions and Lifetime Savings Association (PLSA). The PLSA data shows a ‘moderate’ standard of living in retirement now costs a single person £8,000 or 34.3 per cent more than it did in 2022/2023, while the level of funding needed for a minimum or comfortable retirement is also on the rise. These significant increases are larg…
