UK STATE PENSION

If you continue to pay your contributions towards your state pension and decide to move abroad, then it could prove problematic when investing for your retirement.

If you do not continue to pay contributions into your UK state pension then this could potentially reduce or eradicate your entitlement completely. This would mean that you would have to start saving towards your pension through other means if you have not been investing already.

If you continue to pay into your state pension, your final entitlement will almost certainly not keep you in a luxury lifestyle in your retirement years. Another issue is that the age of retirement for state pensions will almost certainly rise in the coming years, meaning that you will have to work over the current 60 year old threshold.

In order to overcome these problems with state pensions, you will need to start saving or investing towards your retirement as early as possible.

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