Retirement planning

Start planning your financial future today.

The sooner you start to plan for when you stop working, the better prepared you’ll be. But it can be hard to know where to start, especially if you won’t be retiring for a while. You can follow the steps below at any point before retirement to help you review and plan.

Find out how much you might get

To do this, you’ll need to add together estimates of what you’ll get at retirement from all your pension schemes.

Log in to PlanViewer to see an estimate for your savings in the Retirement Savings Plan.

For other schemes you may be able to use:

  • Annual benefit statements
  • An online website
  • A retirement estimate or statement of benefits

You’ll also need to add in any State Pension. Check how much State Pension you could get.

Think about any other savings or income you might have as well, such as property income or other investments.

Work out how much you’ll need

MoneyHelper has created a pension calculator to help you understand how much you might need in retirement and how much you're likely to have.

To use the pension calculator you’ll need to add your:

  • Date of birth
  • Gender
  • Age you’d like to retire at
  • Current income before tax (your gross income)

The pension calculator will use this information to tell you how much money you’ll need when you retire.

Then it will ask you to add the current value of all of your pensions and how much you save each month. You can find out how much you save into your Unilever pension by logging in to PlanViewer. Once you’ve added this information the MoneyHelper pension calculator will tell you if you are on track for the retirement income you will need.

You can also see how making changes, such as paying in more or adjusting your retirement age, might affect your income.

Use MoneyHelper’s pension calculator

Review what you’re saving and make changes

Once you know how much you need and how much you might get, you could:

  • Save more
  • Retire later or earlier
  • Take your benefits in a different way (eg, less tax-free cash)

Find out how you can save more in your Unilever pension

Do you want to talk it through?

Book a space on a Money Matters session. These cover a range of financial topics, including retirement planning. It’s never too early to think about ways to save. 

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