If you are concerned about how small your pension will be when you retire then there may be an opportunity for you to change this if you are prepared to change your thinking now. A recent retiree who knew that despite working for many within the hotel industry his pension was not going to be sufficient used his pay out to invest in property.
The property was bought for £78k and we did £20k of work on it to turn it into a five bedroomed property that generates £800 net profit per month. That’s equivalent to £9,600 per annum – this makes up part of the income he used to get by going to work.
If you do this whilst you’re still working then you can get the pay rise that you have been waiting years for, and you can begin to replace your income for when you finally retire and draw your pension.