Will it be enough?

·        Once you receive them, check that your pension and other investments are on track and are going to give you what you want on retirement – in any event it is always worthwhile reviewing your investments such as ISAs and endowments.

·        Calculate approximate income from all pensions and investments.

·        What will be your main source of income?

·        Calculate your living costs to set the budget you will need.

·        Will the mortgage be paid off?

·        Review your expectations of retirement income if necessary.

·        Draw up a list with potential income on one side and ongoing expenses on the other.

·        Will you have enough to live off?

·        Remember to account for any one-off expenses, e.g. a wedding or one off holiday such as an around the world trip.

·        Consider rearranging your other assets to produce an income.

·        Do not forget that you need to build in some protection to counter the effects of inflation.