Closing the Retirement Gap: How to Make Your Pensions Work Harder for You
Let’s make a plan that helps you truly thrive—not just get by.
When you think about your financial future, what comes to mind?
For many, it’s the dream of retiring comfortably, with freedom to choose how and where you spend your time. Yet the reality is often very different.
In the UK, research shows:
There’s £31.1 billion sitting in lost pension pots (PPI, 2025).
53% of UK adults with a workplace pension feel out of their depth when it comes to pension planning.
Women retire with 35% less in their pensions than men.
These aren’t just statistics. They’re warnings that without action, your retirement might not look the way you hope.
Why pensions get neglected
Life happens. We change jobs, move house, raise families, build businesses. In the middle of it all, pensions can slip down the priority list. By the time you come back to them, you might have three or four different pots, old schemes with high charges, or investments that no longer reflect your goals.
But here’s the truth: your pension is likely to be your biggest investment. Ignoring it is like leaving your most valuable asset on autopilot.
What does “comfortable” really mean?
According to the Retirement Living Standards (2025):
Minimum retirement = £13,400 a year (single, outside London)
Moderate retirement = £31,700 a year
Comfortable retirement = £43,900 a year
Big difference, isn’t it? Which lifestyle do you want? More importantly, are you on track to reach it?
Three steps to close the gap
1. Consolidate pensions (where suitable)
Bringing old pots together can reduce charges, give you more control, and simplify your retirement planning.
2. Review your investments regularly
Are they aligned to your goals? Are you taking the right level of risk? What worked 10 years ago might not work today.
3. Maximise tax efficiencies
Pension contributions are one of the most tax-efficient ways to save. Add in allowances, ISAs, and business-owner strategies, and you could significantly boost your retirement fund.
Why advice matters
Financial planning isn’t just about products — it’s about people. A good adviser helps you see the bigger picture, avoids emotional decisions when markets wobble, and ensures your money is working as hard as you do.
It’s not about being convinced — it’s about being invited to take control of your future.
Final thought
The scariest part of retirement planning isn’t market volatility or inflation — it’s doing nothing. By reviewing your pensions today, you’re giving your future self options, freedom, and peace of mind.
👉 If you want to thrive tomorrow, the best time to start is today.
Book a free consultation today: www.thrivetogetherfp.co.uk/contact
⚠️ This blog is for informational purposes only and does not constitute financial advice. Tax rules depend on individual circumstances and are subject to change. The value of pensions and investments can fall as well as rise. You may get back less than you invested. Always seek personalised advice before taking action.
