Action plan to make up shortfalls

·        Consider maximising your pension contributions. If you would like us to help arrange this and calculate the amount you could pay please call 0845 602 6263

·        Consider paying additional National Insurance Contributions to maximise your state pension. Please note that the number of qualifying years for the basic state pension is being reduced to 30 years for individuals retiring after 5 April 2010, so additional NICs may not be required to get a full pension.

·        Decide on a possible retirement date or defer taking your pension to build further savings.

·        Working part time in retirement? (Make sure you will be doing something you enjoy).

·        Consider paying off debts.